Ronin has completed its migration to become an Ethereum Layer 2 solution, reducing RON's annual inflation rate by approximately 9x.

BlockBeats News, May 13th, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer2 network built on the OP Stack. Ronin stated that it will maintain RON as the Gas token, and the entire process had minimal downtime.

Ronin also announced a significant adjustment to the RON tokenomics. The annual RON token release has been reduced from the previous 45 million to 5 million, a reduction of about 9 times, with the current annual inflation rate at around 1.2%. Future additional token rewards will be distributed directly to ecosystem builders through a new "Proof of Allocation" mechanism.

Furthermore, Ronin's treasury has added three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee income from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only means access to Ethereum's security and liquidity but also reconnects its Web3 gaming ecosystem with millions of blockchain game users to the Ethereum ecosystem.