Understanding Ronin: A Comprehensive Overview

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Key Insights

In July 2024, Ronin launched the Goda Upgrade

Validators and bridge operators who act maliciously are subject to a slashing penalty, which varies according to the degree of the infraction. If a validator acts maliciously and is slashed, delegators do not receive rewards for that day, but the delegated tokens are unaffected. This promotes responsible network participation.

The initial token supply is divided into four main allocations: 30% to the community, 30% to the team, 25% to staking rewards, and 15% to the ecosystem fund. RON tokens are unlocked continuously rather than a block unlock. The unlock began on January 27, 2022, and the max supply can be unlocked after 108 months or 9 years if every token unlocked is then issued.

RON has several different utilities within the Ronin ecosystem:

When Axie Infinity announced

The resurgence of Ronin in 2024 can best be seen in the significant increase in NFT volume on the Mavis Market, Sky Mavis’s official NFT marketplace. NFT volume on the Mavis Market has increased from $215,000 in December 2023 to $6,775,000 in May 2024, an average increase of 90.75% MoM. This represents a 3,058% cumulative increase over the same period.

Gaming & NFTs

Katana’s TVL peaked at an all-time high of $1.49 billion on December 4, 2021, and DEX volume peaked at $175.77 million on February 10, 2022. This coincided with the height of Axie Infinity when AXS and SLP were highly traded assets. Following the bridge hack, TVL on Katana declined substantially. On May 12, 2022, TVL fell below $100 million and stayed there until April 14, 2023, when it briefly rose above $100 million. On December 4, 2023, TVL on Katana surpassed $100 million again and has since remained above that level. The recent increase in TVL and DEX volume was largely driven by the introduction of new tokens on Katana. So far in 2024, Ronin has doubled the number of supported assets on Katana to 12 with the introduction of PIXEL

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