Ronin
Current price
$0.0594
−7.33%24h
LiveUpdated 36s ago
TodayRonin drops 7.3%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.50%
- 24 hours−7.33%
- 7 days−7.76%
- 30 days+7.91%
- 1 year−84.88%
Ronin's move in context
Lagging the market today
−7.33% today against −3.26% for the market as a whole, a gap of 4.1 points. A gap this wide suggests something specific to Ronin may be moving it, not just the market mood.
Trend has turned
−7.8% over 7 days and +7.9% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Ronin
Overview
Ronin is a blockchain network designed specifically for the fast-growing gaming ecosystem, particularly for games that leverage non-fungible tokens (NFTs). Its primary mission is to empower players and developers alike by providing a scalable, efficient, and cost-effective platform for the creation and exchange of digital assets. Ronin distinguishes itself from traditional blockchains through its emphasis on user experience, allowing transactions to be processed almost instantaneously with minimal fees. As a sidechain to the Ethereum network, Ronin aims to alleviate congestion and high transaction costs associated with Ethereum while maintaining a strong level of security and interoperability.
Technical Features
Ronin utilizes a delegated proof-of-stake (PoS) consensus mechanism, which allows validators to produce blocks and secure the network based on their stake in the ecosystem. This approach improves scalability and efficiency, as it can handle a significantly higher transaction throughput compared to Ethereum’s proof-of-work model. Additionally, Ronin features a unique architecture that enables seamless integration with the gaming ecosystem, including smart contracts designed specifically for gaming transactions. The network is also equipped with a built-in security model that ensures the safety of user assets and protects against malicious activities, making it an ideal environment for gamers and developers alike.
Use Cases
Ronin serves multiple use cases within the blockchain and gaming industries. One of its primary applications is in decentralized finance (DeFi) for gaming, allowing players to earn rewards, trade assets, and participate in governance models through staking mechanisms. Ronin also functions as a platform for NFTs, enabling the creation, buying, selling, and trading of unique digital assets linked to various game characters, items, and art. Moreover, it supports cross-border payments within gaming environments, making it easier for users to transact globally without the complications of traditional payment systems. Lastly, Ronin’s smart contract capabilities empower game developers to create complex gameplay mechanics and reward systems.
Development Background
Ronin was developed by Sky Mavis, the team behind the highly successful Axie Infinity game. Launched in 2020, Ronin was created out of necessity to address the high transaction fees and network congestion faced by Ethereum when users engaged in gameplay and asset trading. Since its inception, Ronin has seen substantial growth, attracting a large user base and various notable partnerships with other gaming and blockchain projects. Significant events in its history include the launch of the Ronin Wallet, allowing users to store and manage their assets in a secure manner.
Community and Ecosystem
The Ronin ecosystem is characterized by a vibrant and growing community of players, developers, and supporters. Numerous projects have been built on the Ronin platform, ranging from games to decentralized applications (dApps) that provide additional utility to the NFT assets. The ecosystem benefits from active partnerships with prominent organizations within the blockchain and gaming sectors, ensuring ongoing development and innovation. Community engagement is fostered through regular updates, governance proposals, and rewards for participants who contribute to the platform’s growth.
Future Potential
With its robust technology architecture and strong emphasis on enhancing user experience, Ronin holds significant potential for the future. As the demand for blockchain-based gaming and NFT solutions continues to rise, Ronin could play a pivotal role in shaping the industry landscape. Upcoming features in its development roadmap include expanding its DeFi offerings, enhancing interoperability with other blockchains, and optimizing existing features to further improve transaction speeds and user experiences. Overall, Ronin is set to significantly impact the gaming ecosystem and beyond, making it a project to watch in the coming years.
Ronin market
- Position by market cap among the coins we track.
- #234
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $49.09M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0585High $0.0645
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.29
- Now 1% of itReached 27 Jan 2022 · Needs +7,122% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 826.42M RON
- 83% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1B RON
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B RON
- The most coins that can ever exist. Some coins have no limit.
Ronin converter
1 Ronin = $0.0594
