Co-initiated by the founders of Axie, the ecosystem is booming. What is the potential of Ronin Network?

php Editor Xiaoxin takes you to explore the Ronin Network co-initiated by the founders of Axie. This ecosystem is booming. Ronin Network adopts new blockchain technology and aims to provide more efficient and lower-cost game transactions and experiences. In this network full of potential, users can look forward to more innovations and possibilities, and the background of Axie’s founder also makes people look forward to the future of Ronin Network.

#The continuation of the bull market has made investors actively look for potential investment opportunities, and it has also brought new opportunities to some traditional projects. As a long-established public chain project established in 2021, Ronin Network ushered in a new life in early 2024 through unremitting efforts in 2023 after experiencing the bear market. The arrival of this new life has injected new vitality and impetus into the project, and also given investors confidence in its future development. Amid the changes in the market, Ronin Network has demonstrated its steady development strategy and solid technical strength, bringing more expectations and opportunities to investors. As the market changes and develops, Ronin Network will continue to strive to improve its competitiveness, expand more partnerships, and serve the blockchain industry

According to BlockBeats data, Ronin Network’s active addresses are in Growth of 3225% in the past 3 months. The highest reached 693,000 on January 25. The price of its token Ron has also increased by more than 800% in the past three months, and the current price is 3.18$. So, what exactly is RoninNetwork? Why is it so popular among investors? As a professional blockchain platform focused on innovating games, what advantages does Ronin Network have? Let’s find out in this article.

01. From Axie Infinity to Ronin Network

Ronin was developed by Sky Mavis, a technology-focused game studio whose founders include Yale University graduates student Jeffrey Zirlin and blockchain expert Alexander Leonard Larsen, who is also one of the founders of Axie Infinity. Sky Mavis team members have invested more than four years on the project, bringing a wealth of experience and technical expertise to create the game.

Axie Infinity is the leading chain game that created GameFi fever in the last bull market. At its peak, its monthly revenue reached 300 million U.S. dollars, and its daily revenue once exceeded that of Honor of Kings and spawned large game unions such as YGG. The success of Axie Infinity has attracted a large number of game enthusiasts and developers to join the field of Web3 games, and has successfully shaped today's GameFi track. However, as the number of players entering the market increased, Ethereum's slow settlement and high Gas costs gradually pushed up players' entry costs. As new users decreased, and the entire market entered a bear market, Axie Infinity also fell into death. spiral.

To help Axie Infinity get out of its current predicament, Sky Mavis proposed Ronin as a long-term expansion solution. In previous collaborations with the Loom network, Sky Mavis worked with the Loom team to try and optimize the network to make it more than just a user-friendly application, but more like an enterprise-grade solution. However, since the Sky Mavis team was not satisfied with this direction, they decided to terminate the partnership and start developing their own blockchain - Ronin Network. Ronin was born to provide better support and development space for Axie Infinity, and to provide users with a better experience.

As an EVM-compatible chain specially designed for games, Ronin is different from previous Ethereum sidechains. Ronin aims to completely solve key problems such as Ethereum’s high gas fees and slow transaction speed in games, and provide players with for a smoother and seamless gaming experience. Currently, Ronin has shown its huge potential in the NFT trading market, processing more than $4 billion in transactions while attracting millions of daily active users.

The past 2023 was an extremely important year for Ronin. In January, Ronin released the desktop game aggregation platform Mavis Hub 2. In March, it launched the RON staking function. In April, it switched to the delegated stakestake (DPoS) mechanism and upgraded the functions of Ronin Wallet. In May, it launched the NFT market MavisMarket (and Integrated Ronin Wallet), the chain game project Pixels migrated from the Polygon network to the Ronin network in September (also heralding the further expansion of the Ronin partnership program), and in October announced the launch of the Lucas (v2.6.2) upgrade and Shillin hard drive on its main network Forked, in November it reached a cooperation with Korean game production company ACT Games. ACT Games plans to migrate all its games to the Ronin network. In December, it reached cooperation with world-renowned game studios Foonie Magus, Directive Games, Bali Games, Tribes Studio and Bowled.io, further expanding Ronin's game ecosystem.

图：Ronin活跃地址数统计

The steady development of Ronin Network has won the trust of market investors, especially thanks to its close cooperation with AxieInfinity. The latter, as a huge traffic pool, provided Ronin with its initial traffic and user base. Ronin Its share in the chain game market once exceeded BNB Chain, ranking first, and its daily active addresses have stabilized at more than 600,000. The support of this kind of traffic has also enabled Ronin’s native token RON to achieve an increase of more than 800% in the past 3 months. As of now, the price of RON token is $3.18, which has basically returned to the high point of the previous bull market. This achievement further demonstrates Ronin’s competitiveness in the market and investors’ confidence in it.

图：Ronin链游市场占比

02. Working principle and advantages of Ronin Network

Ronin Network is an innovative blockchain platform based on the Delegated Proof of Stake (DPoS) consensus mechanism. Designed to provide a highly scalable environment for gamers and developers. By adopting advanced technology and economic models, Ronin Network successfully solves the problems of scalability and high transaction fees of the Ethereum network. The working principle and technical advantages of Ronin Network will be explained in detail below.

Side chain architecture

The side chain is another independent blockchain parallel to the main chain. Compared with other networks, side chains are easier to develop , and can be optimized according to specific scenarios. As a side chain of Ethereum, Ronin has its own independent block generation mechanism, consensus algorithm, etc., and can achieve asset interoperability with the Ethereum main network through bridging. This sidechain architecture allows Ronin to focus more on optimizing game scenarios while maintaining a connection to the Ethereum ecosystem. Through the Ronin Bridge, users can transfer ETH, ERC20 and other assets on the Ethereum main network to Ronin, and can also transfer native tokens and NFT assets issued on Ronin back to the Ethereum main network. This interoperability is designed to allow gamers to freely transfer assets between the two chains.

Hybrid Consensus Mechanism

Ronin Network adopts a hybrid consensus mechanism of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS). Proof of Authority is a An algorithm that uses identity as a consensus mechanism for equity to achieve fast transactions. DPoS is a voting mechanism in which token holders can delegate their voting rights to elect validators. This hybrid voting mechanism combines two different methods to maintain high transaction throughput and low confirmation. time while improving decentralization and security.

Under the Proof of Authority (PoA) consensus mechanism, Ronin Network is maintained and verified by a group of verification nodes designated by Sky Mavis. These verification nodes are trusted and are responsible for packaging transactions into new blocks and adding them to Ronin’s blockchain. The advantage of Proof-of-Authority is that it is highly energy efficient, as it does not require a large amount of computing power to verify transactions. This allows Ronin to achieve faster transaction speeds and lower transaction fees, thereby enhancing the gaming experience. However, there are also some potential problems with proof of authority, such as the risk of single point failure due to excessive reliance on a small number of verification nodes. In order to increase the decentralization of the network, Ronin Network introduced a delegated stake proof mechanism.

In the delegated proof-of-stake mechanism, holders of RON tokens can delegate their voting rights to candidate validators. Validators holding more delegates will have a greater chance of being selected to validate transactions and generate new blocks. By staking a certain amount of RON tokens as candidate validators, users can participate in the verification and decision-making process of the network and have the opportunity to receive a portion of the block rewards. This mechanism increases the decentralization of the network and effectively reduces the risk of single point failure.

Highly scalable blockchain platform

Ronin Network is a scalable blockchain platform designed for gamers and developers. It has the following technical advantages that allow it to handle large-scale transactions and provide excellent performance:

• High throughput: Ronin Network can handle up to 100,000 transactions per second, allowing it to cope with large numbers of users and Transaction needs generated by game interaction.
• Low latency: By adopting advanced technology and optimized network structure, Ronin Network ensures fast confirmation and response of transactions, providing players with a seamless trading experience.
• Low transaction fees: Compared with the high transaction fees of the Ethereum network, Ronin Network's transaction fees are cheaper, allowing users to trade and interact more economically.
• Compatibility: Ronin Network is compatible with the Ethereum Virtual Machine (EVM), allowing existing Ethereum developers to easily migrate their applications and smart contracts to Ronin Network, expanding the developer community and project ecosystem scale.

RON Token Economic Model

RON is the native token of Ronin Network and has multiple functions and values. The economic model of the RON token is designed to promote the development of the network and community participation, specifically including the following aspects:

• 交易费用支付：RON被用作支付Ronin网络上的交易费用，以维持系统的高效运转。
• 网络安全与质押：持有者可以将RON代币质押给验证者，参与网络的安全维护，并通过奖励机制获得收益。这种机制激励验证者维护网络的安全性，同时也鼓励持币者积极参与网络的治理。
• 参与治理决策：RON代币赋予持有者在网络治理中的投票权，促进社区成员在重要决策中的参与，加强整个生态系统的透明度和共识。

图：Ronin代币发展情况

RON代币的分配方面，30%的代币供应归Sky Mavis所有，其中的一部分用于员工奖金和股东代币合约。社区占比30%，用于社区激励和发展。生态系统基金占总供应量的15%，用于支持增强Ronin Network的举措。剩余的供应量将通过质押奖励机制进行分发。

总体而言，Ronin Network通过采用侧链架构、混合共识机制和RON代币经济模型，成功构建了一个高度可扩展的区块链平台。持币者可以通过委托权益获得收益，参与网络的治理决策，同时RON代币的使用也促进了网络的安全性和稳定性。Ronin Network的技术优势和原理使其成为游戏行业和开发者的理想选择，为整个生态系统的发展提供了坚实的基础。

03、Ronin Network热门链游盘点

Ronin Network作为专注于革新游戏的区块链平台，让更多玩家和游戏开发者看到了未来Web3链游的希望。借助Axie的早期成功经验，目前Ronin已与Directive Games、Bali Games、Tribes Studio等多个全球知名游戏工作室达成合作。每个工作室都在利用Ronin开发自己的新链游。同时，Ronin凭借其出色的性能吸引了诸如Pixels等优质成熟链游项目的加入，进一步巩固了其作为主流链游平台的地位。

Axie Infinity

Axie Infinity 是 Ronin 上最大的游戏，允许玩家繁殖、饲养和战斗称为 Axies 的奇幻生物。该游戏在 2021 年开创了 Play-to-Earn 模式，至今仍然是全球最受欢迎的 web3 游戏之一。

Ronin最初是明确为Axie生态设计的以太坊侧链，如今已成为Axie Infinity游戏的重要基础设施。随着Ronin网络的支持，Axie Infinity也迎来了新的变革。最近，Axie推出了全新机制AXP，允许玩家通过在Origins中获胜并获取积分，促进Axie的进步和升级。AXP的推出标志着Axie经历了由被动角色转变为能够通过积累升级的有机生物的变化，也预示着类似的链上升级机制将来可能在广泛的NFT和游戏领域普及。AXP实现了AxieCore的理念，为Axie Infinity以及整个NFT生态注入了新的动力。

Pixels

Pixels 是一个社交、休闲、开放世界的 Web3 游戏和平台，其于 2021 年推出。作为一款像素风的元宇宙农场游戏，Pixels 重现了经典 16 位角色扮演冒险家的氛围，让玩家在像素艺术世界中导航，相互互动、耕种土地、玩迷你游戏并获得代币奖励。Pixels 还允许精选 NFT 个人资料图片（PFP）收藏品的持有者在游戏中使用他们拥有的头像。

Pixels 之前在 Polygon 上运行，2023年移到了 Ronin网络。根据Nansen的数据显示 Ronin 的活跃用户大幅增加，从 11 月份的约 20,000 人增加到最新更新的 665,000 人，这其中有一大部分是来源于Pixels ，Pixels 也成为了继AxieInfinity之后Ronin 上的另一个龙头链游。

目前，Pixels已将90多个Web3项目集成到其生态系统中。在融资方面，截至2024年2月8日，Pixels已通过3轮私人代币销售筹集了480万美元，由AnimocaBrands和PKO Investments领投，同时OpenSea等也参与了投资。PIXEL是Pixels项目的原生代币，作为币安最新的IEO项目，19日PIXEL以0.04美元的发行价上线币安。首日涨幅突破了11500%，截至目前，PIXEL价格已突破0.5美元。

Zoids Wild Arena

Zoids Wild Arena是由韩国知名游戏公司ACT Games开发的一款TCG游戏（集换式卡牌游戏），玩家可以收集Zoids系列机械生物卡牌，并进行1v1或3v3的对战。在2023年11月，Ronin的开发商SkyMavis与ACT Games合作，计划将ACT的所有游戏引入Ronin网络。Zoids Wild Arena是ACT Games旗下第一款迁移至Ronin的游戏。

The launch of Zoids Wild Arena means that the cooperation between Sky Mavis and ACT Games has entered a substantial stage. For Ronin, the addition of traditional games is also a good opportunity. As Sky Mavis CEO and co-founder Trung Nguyen confirmed in a statement, ACT Games has a proven track record of success in expanding iconic IP, reaching beyond audiences and driving player engagement. He said: "This alliance can combine our Web3 knowledge and experience with nostalgic IP supported by an existing core fan base."

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