for Investors, Researchers and Exchanges

Brief Intro

Ronin is an EVM-compatible Layer 1 Blockchain forged for Gaming. The mission is to enable success for the top Web3 games and numerous other indie titles built by the community.

Axie Infinity, the top web3 game, is built on the Ronin Network with >$4B lifetime marketplace volumes, $1.4B in revenues, 2.7M in-game DAUs and >430K peak daily active onchain users.

Other than Axie, notable teams include Pixels which experienced 200x User Growth since their migration to Ronin in Nov 2023, recently hitting >700K DAUs.

Ronin adopts a Curated Strategy to work with a focused set of high quality game studios rather than spreading bets widely. Games developing on Ronin are invested by Sky Mavis and supported by the internal publishing team from community building, solutions engineering to go-to-market. Tech & Infra-wise, studios are supported by ecosystem of products built by Sky Mavis that is hyper targeted at the gaming use case and user experience. Every part is integrated tightly to offer game developers and gamers the best and curated experience.

Massive community engagement with over 2.5M followers on Twitter, >700k Discord members (top 6th in the world), 340k substack subscribers, >2500 creators.

Created by Sky Mavis, the team behind Axie Infinity and backed by top investors like Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, Mark Cuban.

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Ronin Ecosystem - Sep 21 (3).png

For the latest news and high level metrics, please navigate to: Tokenholder Relations

Useful Links & Resources

Sky Mavis - Ronin Pitch Deck: https://docsend.com/v/nkqjt/sm-ronin-deck

Website: roninchain.com

Whitepaper: https://docs.roninchain.com/basics/white-paper

Coingecko: https://www.coingecko.com/en/coins/ronin

Dune: https://dune.com/ronin/ronin-overview-dashboard

User Onboarding: https://wiki.roninchain.com/

Community Threads

MILESTONES

RESEARCH RESOURCES

  1. Research posts

    1. Decentralised.co Research on Ronin Ecosystem Apr 7 2023 - https://www.decentralised.co/p/the-birth-of-an-ecosystem

      1. 29 Mar 2024 Thesis Update: https://x.com/Decentralisedco/status/1773693044761489762?t=D7lCOrkgHkhrrM3-JI2OpQ&s=35

    2. Ronin Ecosystem Analysis by Ancient8 Research https://research.ancient8.gg/research/en/articles/ronin-empowering-gaming-samurai-in-the-blockchain-battlefield

    3. Why Jason Choi thinks $RON will make a comeback in 2023 - https://twitter.com/mrjasonchoi/status/1644129617429823488?s=20

    4. What it means to work with Sky Mavis and Ronin - https://twitter.com/thecoreloop/status/1650847583357784068

    5. Delphi Digital on upcoming Gaming blockchains - https://twitter.com/Delphi_Digital/status/1711780398416408667

    6. Coingecko GameFi Levels Up report - https://www.coingecko.com/research/publications/gamefi-report-2023

    7. Footprint Ronin Analysis - https://www.footprint.network/article/what-are-the-possibilities-of-ronin-beyond-axie-infinity-DK9h6Yho

    8. Delphi Report (paid) - https://members.delphidigital.io/reports/the-year-ahead-for-gaming-2024#hytopia-back-from-the-brink-9e1f

      The Year Ahead for Gaming 2024 - Delphi Digital.pdf

    9. Return of Ronin by Bankless - https://metaversal.banklesshq.com/p/return-of-ronin

    10. 14 Feb 2024 ROK Capital Thesis https://medium.com/rokcapital/ronin-a-new-era-aae903addfac

    11. 25 Mar 2024 - Ouroboros Research Thesis https://x.com/OuroResearch/status/1772279349774827566?s=20

    12. 26 Jul 2024 - SevenX Ventures (Chinese) https://www.panewslab.com/zh/articledetails/bs08au9sbmnu.html

    13. 20 Aug 2024 - Messari Overview on Ronin https://messari.io/report/understanding-ronin-a-comprehensive-overview

    14. 10 Sep 2024 - Ronin on OurNetwork Newsletter https://www.ournetwork.xyz/p/on-269-polygon-mega-issue#ronin

    15. 27 Sep 2024 - Report https://messari.io/report/ron-it-back-the-revival-of-ronin-web3-gaming-empire

      $RON It Back_ The Revival of Ronin's Web3 Gaming Empire _ Messari.pdf

    16. 5 Feb 2025 1kx Thesis - https://x.com/1kxnetwork/status/1887164419441893404

    17. Older Articles (<2023)

      1. https://www.decentralised.co/p/understanding-ronin
      2. https://www.nansen.ai/research/ronin-the-engine-powering-axie-infinitys-growth#what-is-ronin
      3. Arca's valuation model- https://www.ar.ca/blog/debunking-more-overreactions-to-macro-a-ronin-case-study
  2. Repository of Ecosystem Projects (Games, dApps, Infra and Tools)
    1. https://docs.google.com/spreadsheets/d/1r04P-Pfks8OebAQfHeP3BVVeAnF3jnJYdmpnpRxoj84/edit#gid=1089710069
  3. Notable blog posts
    1. Solving the Blockchain Trilemma https://roninchain.com/blog/posts/solving-the-blockchain-trilemma-on-ronin
    2. Security https://roninchain.com/blog/posts/securing-ronin
    3. Decentralization https://roninchain.com/blog/posts/decentralization-on-ronin
    4. Scalability (zkEVMs) https://roninchain.com/blog/posts/scalability-on-ronin
    5. How Ronin Identifies Breakout Titles: https://x.com/AbuNft/status/1843552774984028502?t=quwRWNemCkSfeCcejcgbWg&s=35
  4. Tokenomics
    1. Name: Ronin; Ticker: $RON or $RONIN, Layer-1 native Token.
    2. Supply allocation & Vesting: https://docs.roninchain.com/docs/basics/tokenomics
      1. Fair Launched on Katana DEX via liquidity mining in Nov 2021, with no private sale conducted. RON was unlocked and distributed Jan 2022.
      2. Circulating Supply = Total Supply 1B - 4 Original Allocations - RON DPOS staking contract - Katana DEX LP reward contract
        1. https://supply-api.roninchain.com/info/ron?q=circulatingSupply
      3. this blogpost was written to educate on the difference between unlocked vs circulation, using Apr 27 "unlock" as an example. https://blog.roninchain.com/p/ron-tokenomics-unlocking-101
    3. Token Utility: RON Token Utility (for sharing)
      1. Gas payment for blockspace
      2. Staking for Network Security in Delegated Proof of Stake consensus
      3. Used as the main liquidity pair for any tokens launched on Ronin Network, creating larger sink effects on supply
      4. Governance to direct treasury fees from Katana DEX, Mavis Market, Ronin Name Service, Mavis Store and other future products
      5. Staked for access to launchpad and any form of primary sales by 3rd party game developers
      6. Used in DeFi as RON will be the most liquid token onchain
    4. 2 main sources of RON emissions
      1. DPOS Staking rewards https://roninchain.com/blog/posts/ron-staking-rewards-schedule-6513cc78a5edc1001b03c34e
      2. Katana DEX liquidity mining https://blog.roninchain.com/p/2024-q1-katana-liquidity-mining-program
  5. Public Analytics Dashboards
  6. Sky Mavis