RON

Ronin Network price

RON
USD
USD
$3.1720
-0.10%
1h
24h
1W
1M
1Y
All

Ronin Network price live data

The current price of Ronin Network is $3.1720. Since 00:00 UTC, Ronin Network has decreased by -0.09%. It currently has a circulating supply of 325,139,071 RON and a maximum supply of 1,000,000,000 RON, giving it a fully diluted market cap of $1.03B. At present, Ronin Network holds the 65 position in market cap rankings. The Ronin Network/USD price is updated in real-time.

Ronin Network price performance in USD

Time periodChange amount%Chg
Today-$0.00300 -0.10%
7 days$0.19800 +6.65%
30 days$0.23200 +7.89%
3 months$0.21700 +7.34%

Ronin Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$3.1050
Last price $3.1720
24h high$3.2190
Heat index ranking
162
Market cap ranking
65
Market cap
$1.03B
Favorited rate
Percentage of users who favorited this asset to all users
0.96%
All-time high
$4.5630
-30.49% (-$1.3910)
Mar 13, 2024 (2 months ago)
All-time low
$0.19600
+1,518.36% ($2.9760)
Nov 22, 2022 (2 years ago)
ICO date
01/27/2022
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
325,139,071 RON
Market cap at circulating supply
Market cap = Circulating supply × Last price
$3.18B
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 03/30/2023

About Ronin Network (RON)

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

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.