Ronin

Ronin is a blockchain network built specifically to support gaming applications, most notably Axie Infinity, by providing a dedicated environment with lower costs and faster transactions than general-purpose chains. RON is the native ecosystem token of the Ronin chain, intended to pay transaction fees and contribute to network security. It addresses the problem of congestion and high costs that gaming users face when interacting with busier, shared blockchains.

Ronin operates as a Layer 2 and Layer 1 hybrid chain with its own block-producing infrastructure, though the consensus algorithm is not recorded in the available data. RON is used to pay gas fees on the network, with the median transaction fee recorded at $0.000197 on the most recent full day, making individual transactions very inexpensive. The token is also intended to play a role in securing the network over time, and the chain hosts smart contracts for games and NFT-related activity.

The Ronin chain generated $42.00 in fees over the most recent 24-hour period and $1,510.00 over the trailing 30 days, with annualized fees running at approximately $18,371.67 based on that 30-day window. The take rate is recorded at 100%, meaning all fees collected are classified as protocol revenue rather than being passed to a separate set of liquidity providers or validators, and supply-side revenue for the trailing 30 days is recorded as $0.00, confirming that no fee income flowed to external parties in that period. Fee activity fell 22.22% over the last 30 days, and the fully diluted valuation stands at roughly 3,394 times annualized fees, reflecting the very modest absolute size of the current fee stream relative to the token's total implied value.