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Ronin is a Layer-1, EVM-compatible blockchain built for games and digital collectibles. Created by Sky Mavis, the studio behind Axie Infinity, the Ronin blockchain focuses on fast, low-cost transactions and a smooth user experience. Its native asset, the RON token, powers gas fees, staking, and governance across the network. Because Ronin was designed specifically for play, creators can launch Web3 titles, NFTs, and in-game economies that feel as responsive as traditional games.
The network’s purpose-built design helps game studios and players avoid long wait times and high fees. Ronin uses a validator set and a Delegated Proof of Stake (DPoS) model: validators produce blocks, while everyday users can delegate their RON to help secure the chain and earn staking rewards. This structure keeps fees predictable and transaction times quick, which is vital for in-game actions like crafting, trading, or minting NFTs. (chainstack.com)
As a result, Ronin has grown beyond Axie Infinity. New games, NFT collections, a native DEX (Katana), and an NFT marketplace (Mavis Market) form a complete stack for “Ronin DeFi, NFTs, gaming.” These activities, plus protocol fees, feed the Ronin Treasury, which is tied to long-term “Ronin tokenomics” and may influence how the market thinks about RON price over time. (docs.roninchain.com)
As of 12/4/2025 20:00 UTC, Ronin (RON) trades at $0.166 with a -4.01% move over the last 24 hours.
The market capitalization stands at $126M, placing it at rank #375 by market value.
Daily trading volume is $2.7M. Ronin (RON) has moved -7.96% over the past seven days and -39.51% across the last 30 days.
Sky Mavis started in 2018 with a mission to bring player-owned economies to the world. The company’s founding team includes Trung Nguyen (CEO), Aleksander Larsen (COO), Jeffrey Zirlin (growth/community), Andy “Viet Anh” Ho (CTO), and Tu Doan (art/game design). Their early work on Axie Infinity led them to build a tailored chain—Ronin—to support millions of in-game transactions. (en.wikipedia.org)
Investors supporting Sky Mavis and the Ronin blockchain include a16z (Andreessen Horowitz), Binance, Animoca Brands, Accel, Paradigm, Dialectic, and others. In April 2022, Sky Mavis raised $150 million led by Binance with participation from a16z, Animoca Brands, Paradigm, Accel, and more; earlier in October 2021, a16z led a $152 million Series B. These rounds funded Ronin’s growth and ecosystem development. (axios.com)
A landmark moment came in 2022 after the Ronin bridge exploit. Sky Mavis worked with partners and law enforcement, raised funds, and rebuilt critical infrastructure. The validator set has expanded, and partners such as Google Cloud joined as validators to help harden the network. (roninchain.com)
Ronin is EVM-compatible, so developers can reuse familiar tools like Solidity, ethers.js, and standard Ethereum JSON-RPC. This lowers the barrier for studio teams that already ship on other EVM chains. Node and indexing providers (e.g., Alchemy, Goldsky, Moralis) support Ronin, which helps teams read blockchain data, build subgraphs, and ship content updates faster. (alchemy.com)
Ronin uses Delegated Proof of Stake (DPoS). Validators must stake RON to propose and finalize blocks. Token holders delegate RON to validators and receive a share of network rewards. Ronin targets fast block times (around three seconds), which is important when every in-game action—like swapping items or claiming rewards—should feel instant. (docs.roninchain.com)
The Ronin Wallet (browser extension and mobile) is optimized for the network’s NFT and gaming workflows, including staking screens and in-game actions. Because Ronin is EVM compatible, wallets like MetaMask and Rabby can also connect by adding Ronin as a custom network or via native support. This flexibility makes onboarding smoother for both crypto-native users and gamers trying Web3 for the first time. (support.roninchain.com)
Ronin supports token and NFT transfers with the Ronin Bridge. The chain also documents and supports Chainlink CCIP for cross-chain messaging and token transfer, giving builders more options for moving assets in and out of Ronin. This interoperability helps studios meet players where they are, while still taking advantage of Ronin’s game-first performance. (blog.roninchain.com)
Katana is the network’s AMM DEX. It offers swap, pool, and farming features with fee tiers (for example, 0.3% = 0.25% to LPs + 0.05% to the Ronin Treasury), and wallet-integrated swapping for convenience. Mavis Market is a generalized NFT marketplace that supports creator royalties and accepts multiple tokens, with back-end swaps settling in RON. Together, they create a core loop for “Ronin DeFi, NFTs, gaming.” (docs.roninchain.com)
RON has a fixed maximum supply of 1,000,000,000. The distribution aligns with “Ronin tokenomics” aimed at long-term network growth:
Unlocks are scheduled over roughly 108 months (nine years), with tokens unlocking continuously rather than in quarterly cliffs. This design funds builders and validators while spreading token availability over time. (docs.roninchain.com)
RON is used to:
Because RON is the gas token, every swap on Katana, every mint on Mavis Market, and every on-chain game action ultimately ties back to RON demand. The Ronin Treasury also accrues protocol fees—such as a portion of Katana’s swap fees (e.g., 0.05% of the 0.3% tier), marketplace fees, and a share of RNS (.ron) name sales—which connects real network activity to long-term treasury resources. (docs.roninchain.com)
While this page doesn’t track live data, it’s useful to note general drivers that can affect RON price: growth in active games and players, fees generated on Katana and Mavis Market, staking participation, validator yields, and treasury mechanics. As more users mint NFTs, trade in-game tokens, and bridge assets, on-chain demand and treasury fee flows become part of how the market values the RON token. (docs.roninchain.com)
Ronin’s early success came from Axie Infinity, but the ecosystem now spans many titles. Pixels migrated to Ronin in 2023 and later launched cross-game events with Forgotten Runiverse, showing how a single token economy can extend across multiple experiences. CyberKongz brought Genkai to Mavis Market and even launched a validator, signaling deeper alignment with the chain. These examples highlight Ronin’s role as a home for live-service games and NFT-native brands. (roninchain.com)
Mavis Market is Ronin’s general NFT marketplace where listings appear in RON; users can pay with other Ronin assets and Katana handles the swap under the hood. Creator royalties and protocol-level fees are supported, giving artists and studios clear monetization paths. Meanwhile, Ronin Name Service (RNS) adds simple, human-readable .ron identities and shares part of its revenue with the Ronin Treasury. (blog.roninchain.com)
Katana enables token swaps and liquidity pools for RON, AXS, SLP, WETH, USDC, PIXEL, and other ecosystem tokens. Liquidity providers earn fees; players and studios benefit from fast, low-cost markets that live inside the same chain as the games. With EVM support and growing integrations (indexers, APIs), Ronin also welcomes typical DeFi building blocks tailored to gaming use cases. (support.roninchain.com)
Support from providers like Alchemy, Goldsky, and Moralis helps teams ship faster with familiar APIs, subgraphs, and analytics. Studios can use these services to design events, balance economies, and run live ops at scale—important for sticky, season-based games. (alchemy.com)
RON is available on major centralized exchanges. RON is listed on Coinbase, and OKX has supported RON spot trading since January 2022. Bitget also lists RON in its Public Chain Zone. Ronin can be swapped on Katana DEX using assets like WETH, USDC, AXS, and more. The Ronin Wallet integrates Coinbase Pay and supports direct deposits from certain exchanges, making transfers into the network straightforward. (roninchain.com)
The official Ronin Wallet (extension and mobile) is optimized for the Ronin blockchain and supports features like staking and in-game actions. MetaMask, Rabby, Trust Wallet, and other EVM wallets can connect by adding Ronin as a custom network or through native support where available. (support.roninchain.com)
Ronin is a public, permissionless blockchain, and the RON token functions as its utility and gas asset. In many jurisdictions, utility tokens that pay for network fees and secure the chain are analyzed differently from tokens that represent equity or claims on cash flows. That said, the “Ronin regulatory status” depends on local laws and how a token is used in practice. Centralized exchanges that list RON apply their own compliance reviews before supporting deposits and trading, which is one reason why RON’s availability on regulated platforms in the U.S. and elsewhere matters to some market participants. (roninchain.com)
From an Islamic finance perspective, RON is generally viewed as a utility token used for transactions, staking, and governance within the Ronin blockchain. Because it underpins real exchange of digital assets and does not inherently involve interest-bearing loans or prohibited activities, many consider Ronin halal in principle. In that sense, RON can be described as “RON shariah compliant” at a high level. However, specific dApps or financial behaviors built on top—such as certain lending models—could fall outside halal guidelines depending on structure. The protocol itself centers on fair exchange, settlement, and ownership for games and NFTs, which aligns with typical halal reasoning for utility tokens.
Nothing here is legal or religious advice; users should consider their local rules and personal standards when assessing compliance.
Ronin’s roadmap points toward a broad, permissionless platform for studios and creators. EVM compatibility, strong developer tooling, and game-specific UX give the chain a clear niche. Growth is coming from new titles, cross-game token economies, and features like Katana v3 fee tiers and RNS, which connect activity back to the treasury and, by design, to long-term “Ronin tokenomics.” (blog.roninchain.com)
Ecosystem partnerships also show momentum. Pixels’ migration and crossovers with other titles, CyberKongz’ validator participation and content drops, and new APIs and data services are building blocks for a vibrant gaming network. If this pace continues, developer adoption and player retention could remain key drivers of network usage—factors the market often watches when thinking about RON price over time. (roninchain.com)
Ronin is a gaming-first, EVM-compatible Layer-1 that turns blockchain features into simple, fast tools for studios and players. The RON token pays for gas, secures the chain through staking, and supports governance as the network opens up. A full-stack ecosystem—wallet, DEX, marketplace, bridge, and developer tooling—makes it easy to build and play. With clear “Ronin tokenomics,” fee-sharing to the treasury, and a growing lineup of games and NFTs, the Ronin blockchain offers a focused path for “Ronin DeFi, NFTs, gaming.” As adoption expands and more titles launch, the network effects around RON’s utility, staking, and on-chain activity are likely to define the project’s long-term place in the crypto gaming landscape. (docs.roninchain.com)
