Ronin L2 Completes Transition to Ethereum Layer 2

Ronin L2 has completed its highly anticipated transition to an Ethereum Layer 2, marking a significant milestone for the gaming blockchain. The upgrade was executed at block 55,577,490 on May 12 and required approximately 10 hours of network downtime. During this time, users were not required to take any action, and games such as Axie Infinity and Pixels suspended on-chain activity before resuming immediately upon completion.

The migration addresses the structural concerns that made Ronin vulnerable to the $625 million Lazarus Group bridge exploit in March 2022. By joining Ethereum's umbrella through the OP Stack, Ronin has inherited the base chain's security and adopted a more decentralized model. This shift also brings several benefits, including a new Proof of Distribution model that rewards active builders over passive stakers.

Under the new model, RON token inflation drops from over 20% to below 1%, with 90 million RON tokens previously earmarked for passive staking redirected toward the Ronin treasury. Marketplace fees have also risen from 0.5% to 1.25%, with sequencer profits flowing into the treasury. The upgrade has been supported by partners including Optimism, Conduit, Boundless, and EigenLayer.

Ronin's transition to an Ethereum Layer 2 brings it in line with other purpose-built chains such as Base, Celo, and Fraxtal. This move enables Ronin to become composible with Ethereum's broader DeFi ecosystem and provides users with improved security and functionality. The team plans to deploy Uniswap v3 as its canonical DEX post-migration, backed by a $1.5 million liquidity incentive program.