What is the current price of Ronin?
The current price of Ronin is $0.06182 with a 2.46% change in the last 24 hours.
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Ronin is a blockchain built for games. Its documentation now describes it as "an Ethereum L2 built for gamified experiences and real-world crypto adoption," created by Sky Mavis, the studio behind Axie Infinity. It exists because game economies break on expensive base-layer fees: a player performing dozens of small actions cannot pay meaningful gas for each one.
RON is the native token. It pays transaction fees, is used across the ecosystem's applications, and funds the network's builder reward program. Ronin's most important structural change came in May 2026, when it stopped being an independent sidechain and hard-forked into a full Ethereum Layer 2 built on the OP Stack. Anything written about Ronin before that date describes a different security model, which is worth knowing when reading older material.
Official sources:
Ronin was built by Sky Mavis, the Vietnam-based studio founded in 2018 that created Axie Infinity. Axie's growth on Ethereum made gas costs prohibitive for its players, so Sky Mavis launched Ronin as a dedicated EVM sidechain in February 2021. The effect was immediate: the documentation notes user numbers rising from around 19,000 into the millions, with more than three quarters of those players new to blockchain entirely.
Ronin was originally permissioned, hosting Sky Mavis titles only. It opened to third-party developers, and the farming game Pixels migrated to it in late 2023 and grew into one of the network's largest applications. In July 2024 the network introduced a rotating validator set, widening participation in block production.
On May 12, 2026, at block 55,577,490, Ronin hard-forked from an independent sidechain into an Ethereum Layer 2 on the OP Stack, with roughly ten hours of scheduled downtime during which all network activity, including in-game actions, paused. The migration also reset the token's economics, which is covered below.
As an OP Stack rollup, Ronin batches transactions and posts them to Ethereum, deriving settlement security from the base layer rather than from its own validator committee.
Sequencing and block production A sequencer orders transactions and produces full blocks roughly every two seconds.
Flashblocks preconfirmations Ronin implements the OP Stack Flashblocks feature, emitting a partial, sequencer-ordered block approximately every 250 milliseconds. Applications can read this pre-confirmed state for responsive interfaces. The documentation is explicit that this state is provisional: if the sequencer reorganizes, a transaction visible as pending can change or disappear, so settlement logic should still rely on confirmed blocks.
Fees Ronin uses an EIP-1559 style fee market with fees paid in RON, and the documentation targets near-zero transaction costs for ordinary game activity.
Bridging Assets move between Ethereum and Ronin through the Ronin Bridge, and Ronin has also integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) for cross-chain transfers, which uses Chainlink's decentralized oracle network to validate messages and applies rate limiting as a safeguard.
Before the migration, Ronin ran delegated proof of stake with governing validators, standard validators and, from July 2024, a rotating active set of 22 validators per epoch of roughly ten minutes. That system no longer secures the chain. Holders were asked to unstake before the fork, and RON left staked was unstaked automatically once the migration completed.
RON is used for:
Proof of Distribution is the reward mechanism introduced with the Layer 2 migration. Instead of paying emissions to passive stakers, the protocol pays RON to projects that generate measurable on-chain activity. Builders register a project and its deployed contracts, verify ownership of those contracts through a deployer signature or an authorized role, submit an activation transaction, and then earn a Builder Score each epoch based on the on-chain metrics of the contracts on their tracking list.
The economic effect was large. Reported annual RON issuance fell from roughly 45 million to about 5 million tokens, cutting the inflation rate from above twenty percent to below one percent, and the tokens previously earmarked for staking rewards were redirected to the treasury. Ronin's tokenomics documentation describes a fixed maximum supply of 1 billion RON, allocated across rewards, community incentives, Sky Mavis and an ecosystem fund, unlocking over 108 months from January 27, 2022.
Against other gaming chains such as Immutable or Gala, Ronin's distinguishing feature is a live, large game economy that predates the infrastructure rather than following it. Against general-purpose Layer 2s such as Arbitrum and Optimism, Ronin runs the same OP Stack technology but curates a gaming-focused ecosystem and directs emissions to builders instead of to liquidity mining. Against its own former self, the difference is the security model: settlement now anchors to Ethereum rather than resting on an independent validator committee, which is the direct lesson of its 2022 bridge failure.
As an OP Stack Layer 2, Ronin now posts transaction data to Ethereum and inherits Ethereum's data availability and settlement guarantees. The standard rollup caveats apply: sequencing is centralized, upgrade permissions are held by the chain's administrators, and withdrawals to Ethereum are subject to the rollup's dispute and finalization process.
Ronin's security history is inseparable from the March 2022 bridge attack. Attackers obtained five of the nine validator keys then required to authorize bridge withdrawals, four held by Sky Mavis and one belonging to the Axie DAO, the latter through a whitelist permission that had been granted months earlier for load reasons and never revoked. They removed approximately 173,600 ETH and 25.5 million USDC, worth well over 600 million dollars at the time. In April 2022 the U.S. Treasury's Office of Foreign Assets Control attributed the theft to the Lazarus Group. Sky Mavis reimbursed affected users, expanded and diversified the validator set, added withdrawal limits, and commissioned further audits. The eventual move to an Ethereum Layer 2 removed the standalone validator committee from the trust model altogether.
Ronin is the clearest large-scale test of the app-chain idea in gaming: a network built for one product, opened to others, broken by an infrastructure failure, and rebuilt on top of Ethereum. Its shift from staking emissions to activity-based builder rewards is also one of the more interesting economic experiments among established chains, because it treats emissions as a customer acquisition budget rather than as a yield product.
RON is available on centralized exchanges and on Katana, the network's own decentralized exchange. Availability and pairs vary by jurisdiction.
RON has commonly been available on:
Ronin uses a distinct address format in some interfaces. Confirm the network and address format before any deposit or withdrawal, and be aware that bridging between Ethereum and Ronin is a separate step from an exchange transfer.
Compare Ronin with related gaming and Layer 2 ecosystems on Coinrithm:
Track Ronin live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Ronin on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Ronin with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Ronin with real money.
Read the complete paper trading guideThe current price of Ronin is $0.06182 with a 2.46% change in the last 24 hours.
The daily trading volume is $66,573.63 representing a 1.36% change in the past 24 hours.
The market capitalization of Ronin is $47,751,055, ranking #328 globally.
The fully diluted valuation (FDV) of Ronin is $61,821,532, calculated assuming the maximum supply of 1,000,000,000 RON is in circulation.
Circulating: 772,401,679. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Ronin traded between a low of $0.05822 and a high of $0.06457.
RON/USDTTether USDT0.06182 USDT
Ronin Ethereum is migrating to a Layer 2 on May 12 with roughly 10 hours of scheduled downtime. Ronin, the gaming-focused blockchain behind Axie Infinity, is executing a hard fork on May 12 to complete its transition from an independent…
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