Ronin Network is an EVM-compatible Layer 1 blockchain focused on gaming backed by Sky Mavis, well-known for Axie Infinity P2E game. It aims to become the ultimate all-in-one infrastructure that helps blockchain games thrive.
Ronin Review: Key Features
Ronin infrastructure is built for scalability, affordability and smooth user experience, making it the go-to platform for in-game transactions.
Scalability & Gaming Optimization
Ronin is designed to handle massive in-game transactions smoothly, making it a top pick for Web3 games. At its peak, it processed 15% of the world’s NFT trading volume and supported millions of daily users in the Axie Infinity ecosystem. By focusing on high-quality apps and keeping high uptime, it ensures a smooth and spam-free gaming experience.
Low Transaction Fees
With competitively low fees, Ronin makes in-game transactions affordable for everyone, easier for both gamers and developers to thrive.
EVM Compatibility
As an EVM-compatible chain, it makes it easier for Ethereum developers to migrate their projects, including tools like Remix, Hardhat, and Foundry.
Ronin Statistics
Market Capitalization: $779.64M
Fully Diluted Market Capitalization: $1.3B
Total Fees Generated: $2.04M
Ronin key metrics. Source: tokenterminal.com (Updated Feb 2025)
Ronin Network
Ronin currently has 32 validators with over 246 million $RON staked. The Team is also aware that having a small number of validators poses risks related to centralization and is planning to increase the number of validators and reduce the requirements for becoming a validator on the network in the future.
$RON staking dashboard. Source: Roninchain.com (Updated Feb 2025)
Ecosystem
Ronin’s current TVL is primarily concentrated in the AMM Katana DEX. As gaming projects gradually launch their tokens, the TVL on Ronin is also growing.
Ronin’s TVL. Source: Defillama.com
Ronin Background Team
Sky Mavis, the team behind the Ronin Network, is on a mission to provide economic freedom, starting with gamers. Known for developing Axie Infinity, Sky Mavis has become a major player in blockchain gaming and one of the few teams with real-world experience in driving mass adoption.
Headquartered in Vietnam and Singapore, Sky Mavis has a diverse and talented team of over 250 employees worldwide. To support game developers, Sky Mavis provides essential tools to help build and grow blockchain games. This includes Mavis Market, Ronin’s first NFT marketplace; Mavis Hub, a platform for launching potential Web3 games; and Mavis Account, which helps linking users across all Sky Mavis products.
Ronin Ecosystem
Ronin Ecosystem Map. Source: Ronin’s X account
Sky Mavis ecosystem is diverse, from AMMs, wallets, NFT marketplaces, bridges to blockchain infra, some are built by the team like Axie Infinity, Ronin Market, Ronin Bridge, Ronin Wallet to offer tailored solutions for gamers and game projects, further strengthening its position in the blockchain gaming space.
When it comes to gaming, the top projects on the Ronin blockchain include Axie Infinity, Pixels, and The Machines Arena. Axie Infinity is widely regarded as the most notable, with Pixels and The Machines Arena following in terms of user activity and transaction volume.
Top GameFi projects on Ronin. Source: Footprint Analytics
The Growing Migration Trend to Ronin
Over the past year, several gaming projects have been migrating from networks like Ethereum, Binance Smart Chain, and Polygon to Ronin. This movement indicates a shift in developer sentiment and suggests that Ronin is becoming a preferred blockchain for Web3 gaming. Why Are Web3 Games Moving to Ronin?
Specialized for Gaming Infrastructure
Unlike Ethereum which was not optimized for the demands of high-speed and cost-efficient gaming transactions, Ronin was born as an Ethereum sidechain, and was specifically designed to tap into gaming industry’s needs. It aims to create a fast, reliable, and affordable platform that helps gaming applications grow and expand smoothly.
On February 12, 2025, Ronin announced their transition to a permissionless blockchain for developers, thus helping expand its ecosystem with more applications, DApps, and games.
1/ The Golden Age of Ronin Starts NOW!
We have just submitted a transaction to break down the allowlist for deploying contracts on Ronin.
From this moment forward, Ronin is open.
Here’s what this grand opening means for our movement 🧵👇 pic.twitter.com/Wmr3Pimaqb
— Ronin (@Ronin_Network) February 12, 2025
Until now, the Layer 1 chain has proved itself home to the biggest Web3 games and communities worldwide with tangible results:
- 4th most-used blockchain in 2024
- 4.3B in all-time NFT volume
- 1.6M monthly active addresses
- 17M Ronin Wallet downloads
Moreover, Ronin makes it easy for new users to get started. With Ronin Waypoint, it offers sponsored transactions, which let one address cover the transaction fees for another. This means game studios can pay the fees for their players, making it much simpler for newcomers to jump into Web3 gaming without worrying about transaction costs.
Active On-chain Community
Ronin serves as a hub for one of the largest and most engaged Web3 gaming communities globally. Since Pixel, a leading Web3 game on Polygon in terms of unique active uses, migrated from Polygon to Ronin, average daily users on Ronin jumped significantly. Even more, the chain processes nearly 2 million transactions daily, and this number is on the rise. The number of active wallet addresses remains steady at 1 million daily addresses. This indicates that users are engaging in more activities within the ecosystem.
Daily active addresses and transactions on Ronin. Source: footprint.network (Updated Feb 2025)
Gaming industry is central to Ronin’s ecosystem, with Axie Infinity standing out as its leading title. The transition of Pixels to Ronin has contributed to the blockchain diversity and enhanced its attractiveness. Moreover, the fast growth of Pixels proves to developers that Ronin is a great place to build Web3 games.
Beyond Gaming: Ronin Unveils a Complete Ecosystem
In January 2025, Ronin announced Tama Mart, the fair launch token platform is live on Ronin. Tama allows users to create and distribute tokens and launch them on Ronin. With this move, the protocol diversifies Ronin beyond gaming, tapping into the memecoin trend. It increases RON utility (via creation fees) and attracts new users, enhancing ecosystem activity and engagement.
Besides, Ronin also introduced Katana DEX, a decentralized exchange native to Ronin, also built by the Sky Mavis team. By taking this approach, Katana DEX helps increase liquidity for assets within the ecosystem, thus making it easier for users to trade the tokens they earn while playing Axie Infinity. Also, it helps connect new tokens (like those from Tama) to the broader market, ensuring liquidity and tradability.
Beyond gaming, Ronin aims to grow its user base and activity, as seen with the launch of Tama Market for memecoin, highlighting its commitment to building a diverse and vibrant ecosystem.
Strong Financial Backing & Partnerships
Sky Mavis has raised $172 million across four successful funding rounds, with major investors like a16z Crypto, Animoca Brands, Paradigm, and Accel.
Thanks to the success of Axie Infinity, Sky Mavis has gained valuable experience in product development, community building, and market strategy—knowledge that can help new partners launch projects on Ronin.
Future of Ronin in Web3 Gaming
Ronin new game projects: Updated in Feb 2025. Source: Ronin’s X account
The migration of gaming projects to Ronin signals a promising future for the blockchain. If the current momentum continues, Ronin could position itself as the leading blockchain for Web3 gaming, competing with major players in the space. Some potential developments to watch:
Increased Validator Decentralization: Expanding its validator set will further enhance security and trust.
More Gaming Partnerships: Strategic collaborations with game developers and studios will accelerate adoption.
Cross-Chain Interoperability: Bridging assets between Ronin and other major blockchains can boost liquidity and user engagement.
Conclusion
The ongoing migration of projects highlights its strengths in Ronin’s scalability, low fees, and gaming-focused infrastructure. While challenges remain, Ronin is well-positioned to become a dominant player in the blockchain gaming industry. For developers and gamers, keeping an eye on Ronin’s ecosystem could unlock exciting opportunities in the evolving Web3 gaming landscape.
