RON
RON

Ronin Network price

$2.2340
-$0.05900
(-2.58%)
Price change from 00:00 UTC until now
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Ronin Network market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$816.82M
Circulating supply
365,632,168 RON
Market cap ranking
96
24h high
$2.3230
24h low
$2.2100
All-time high
$4.5630

Ronin Network price performance in USD

The current price of Ronin Network is $2.2340. Since 00:00 UTC, Ronin Network has decreased by -2.57%. It currently has a circulating supply of 365,632,168 RON and a maximum supply of 1,000,000,000 RON, giving it a fully diluted market cap of $816.82M. At present, the Ronin Network coin holds the 96 position in market cap rankings. The Ronin Network/USD price is updated in real-time.
Today
-$0.05900
-2.58%
7 days
$0.072000
+3.33%
30 days
$0.78000
+53.64%
3 months
$0.71900
+47.45%

About Ronin Network (RON)

4.0/5
Certik
4.0
12/07/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Blockchain technology has seen consistent advancements, including improved scalability, the introduction of non-fungible tokens (NFTs), and the development of the metaverse. These innovations have positively impacted the blockchain gaming sector, especially with the adoption of the play-to-earn (P2E) model. This approach, which rewards players, has led to the creation of many metaverse projects, such as Ronin.

What is Ronin Network

Developed by Sky Mavis, Ronin is an Ethereum Virtual Machine (EVM) blockchain tailored for the unique demands of crypto gaming. Sky Mavis, also behind the immensely successful Axie Infinity game boasting over $1.3 billion in revenue, proves Ronin's potential as an optimal gaming blockchain. Within its first nine months, Ronin recorded 250,000 daily active addresses and amassed $5 billion in Total Value Locked (TVL).

The Ronin Network team

Sky Mavis, a technology-driven game studio, developed the Ronin Network. Jeffrey Zirlin and Alexander Leonard Larsen founded the studio. While Zirlin, a Yale graduate, dedicated over four years to shaping Sky Mavis, Larsen entered into the blockchain space in 2017, co-founding not just Sky Mavis but also the popular Axie Infinity.

How does Ronin Network work

Specifically designed for blockchain gaming, Ronin functions as an Ethereum-linked sidechain. Its crown jewel is Axie Infinity, and games within its ecosystem use the RON token for in-game purchases, such as NFTs. Thanks to the Ronin Bridge, users can smoothly transfer their in-game assets to the Ethereum mainnet, converting their gaming gains into cryptocurrencies.

Initially operating under the Proof of Authority (PoA) consensus, Ronin transitioned to the Delegated Proof of Stake (DPoS) for heightened decentralization. This shift allowed anyone holding a substantial amount of RON tokens to become a validator, bolstering network accessibility and enhancing its decentralization. The platform encourages user participation by allowing them to become validators or delegators, ensuring network security and earning rewards in return.

RON tokenomics

Launched in late January 2022, RON is the native token of the Ronin Network. Its total supply is capped at 1 billion RON. RON powers the platform, facilitating transactions and in-game purchases. Beyond that, it serves as a governance token and staking medium.

Distribution of RON

RON is distributed in the following way:

  • 30 percent for community engagement, encompassing content creation, rewards, liquidity mining, grants, and hackathons
  • 30 percent allocated to the team
  • 25 percent earmarked for staking rewards
  • 15 percent dedicated to the ecosystem fund
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RON FAQ

What is Ronin Network?

Ronin Network, an Ethereum Virtual Machine (EVM) blockchain, is purpose-built for P2E games. Created by Sky Mavis, it houses the globally renowned Axie Infinity. The network has transitioned to the Delegated Proof of Stake (DPoS) system, empowering users to become validators and help secure the network. 

What are the benefits of using Ronin Network?

Beyond facilitating in-game earnings, the Ronin Network offers staking opportunities and enables participation in project governance. By converging gaming and crypto benefits, it has played a pivotal role in expanding crypto adoption.

Where can I buy RON tokens?

Easily buy RON tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the RON/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for RON with zero fees and no price slippage by using OKX TR Convert.

How much is Ronin Network worth today?
Currently, one Ronin Network is worth $2.2340. For answers and insight into Ronin Network's price action, you're in the right place. Explore the latest Ronin Network charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Ronin Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ronin Network have been created as well.