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Ronin Finalizes Ethereum L2 Migration with OP Stack, Slashes RON Emissions to 5M Yearly

Ronin completed its full migration to an Ethereum Layer 2 using the OP Stack and EigenDA on May 13, enhancing security and tokenomics post-2022 $600M hack. Announced May 11, the upgrade featured a hard fork at block 55,577,490 on May 12, pausing the network for ~10 hours while halting transfers, NFT trades, and Axie activity. Key changes slashed RON inflation from 20% (45M to 5M annually), redirected 90M RON to the treasury, raised marketplace fees from 0.5% to 1.25%, and established Uniswap v3 as canonical DEX with $1.5M incentives; RON rallied 30% to $0.11 ($89.5M cap) pre-event.

Category

Ethereum

Sentiment

Bullish

Event

Milestone

Reading time

1 min