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Techub News, Ronin has announced the completion of its migration to Ethereum, officially transforming into an Ethereum Layer 2 based on the OP Stack. This migration reduces RON's annual issuance from 45 million to 5 million tokens, a decrease of 90%, reaching an all-time low. Led by Conduit, this migration achieved the largest blockchain state migration in history while retaining RON as the gas token. Under the new tokenomics model, future emissions will be directed straight to ecosystem builders through the Proof of Distribution system. Meanwhile, the treasury has unlocked three new sources of revenue.
Techub News: Ronin Network announced that the Ronin Treasury will begin repurchasing RON tokens on the open market starting September 29. The Ronin Treasury currently holds over $5 million in assets, including 890 Ethereum and 650,000 USDC, which will be fully converted to RON within one month, accounting for approximately 1.3% of the current circulating supply of RON. Ronin stated that this move aims to reduce market circulation, increase treasury holdings, and form stronger bonds with ecosystem builders and token holders.
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