Ronin hard forks to Ethereum L2 on May 12 — inflation slashed from 20% to under 1%!

Ronin, the gaming blockchain behind Axie Infinity and the site of crypto's largest-ever bridge exploit, executes its hard fork at block 55,577,490 on May 12 at approximately 15:16 UTC, migrating from an independent sidechain to an Ethereum layer 2. The transition will cause roughly 10 hours of network downtime, during which all transactions, swaps, and onchain game actions will be paused.

The move to the OP Stack hands Ronin Ethereum's security guarantees — a pointed upgrade for a network that lost $625 million in a bridge hack in 2022. A new Proof of Distribution model replaces passive staking rewards with contribution-based incentives, redirecting 90 million RON tokens into the Ronin Treasury and slashing token inflation from over 20% to below 1%. Marketplace fees more than double to 1.25% from 0.5%, and EigenDA will handle data availability going forward.

RON is currently trading…