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Ronin to Migrate to Ethereum Layer-2 Network on May 12

Ronin states the May 12 migration to an Ethereum layer-2 using OP Stack and EigenDA will cut RON annual inflation from above 20% to below 1% and add new treasury revenue sources.

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Summary

Ronin is scheduled to migrate to an Ethereum layer-2 network on May 12, ending four years as a standalone gaming-focused blockchain. The network, known for powering Axie Infinity and Pixels, said the upgrade will use OP Stack and EigenDA. Ronin said the shift is expected to reduce RON annual inflation from more than 20% to below 1%. The migration will pause on-chain operations for about 10 hours, and treasury revenue is set to include staking yield, sequencer net income, and marketplace fees.

Terms & Concepts
  • Ethereum layer-2 network: A scaling network built on Ethereum that processes activity more efficiently while remaining connected to Ethereum’s broader settlement ecosystem.
  • OP Stack: An open-source modular framework used to build optimistic rollup-based layer-2 networks on Ethereum.
  • EigenDA: A data availability solution designed to help blockchain networks publish and access transaction data more efficiently.