Ronin Network Ethereum Returns as Layer-2 to Expand Web3 and NFT

Ether Adoption Boosts Ronin Network Ethereum’s Ecosystem Upgrades

Ronin Network Ethereum Returns as Layer 2

Ronin, the blockchain created by Sky Mavis for the popular play to earn game Axie Infinity, announced it will migrate back to the Ether ecosystem as a layer-2 chain. It was first launched in 2021 to make transactions faster and cheaper for Axie Infinity. Now, it is growing into a blockchain that can be used for many kinds of applications, not only limited to the gaming. 

Source: X

Ronin Network Ethereum migration is planned into two phases which is expected to be fully completed by the second quarter of 2026. It plans to take advantage of Ether's engagement with institutions and Wall Street to likely attract investments. 

Scope: Expanding Outside Gaming

Beyond gaming, the platform plans to set itself as a Web3 game framework. The enhanced ecosystem will support gamified DeFi, SocialFi, NFT items, and customer AI experiences, extending its reach from the Axie Infinity ecosystem to multiple blockchain applications. 

The new Ronin Network Ethereum Layer-2 system will introduce a reward based allocation model. RON, the native currency, will now reward active developers instead of non-actives, using a score based on their work and activity on and off the blockchain. 

Security and Growth

Since its launch, the platform has been downloaded over 31 million times and has handled more than $4.2 billion in NFT trades. However, it has faced major security issues, including a $600 million hack in March 2022 executed by the Lazarus Group, and a smaller breach in August last year.

Sky Mavis said that Ronin Network Ethereum moving on Layer-2 will make it more secure while allowing faster and cheaper operations. 

Expansion Amid Ether’s wide Adoption

The decision comes when Ether is gaining resurgent interest, fueled by Wall Street investments, ETH Exchange Traded Funds (ETFs), and increasing ETH reserves by corporations (Bitmine Inc., sharplink Gaming, Coinbase Inc.) 

Also the digital currency recently  hitting a multi-year high of almost  $4,790, it shows growing credibility and adoption across Decentralized Finance, stablecoins, and crypto assets. On the other hand, Ethereum 2.0 upgrades continue to improve handling ability, defense, and efficient energy use which is encouraging the ecosystem development. 

Using the network’s strong and reliable infrastructure, the platform aims to expand its ecosystem while maintaining fast, low-cost transactions for both developers and users.