Ronin completes migration to Ethereum L2

Ronin (RON) has completed its migration to an Ethereum Layer 2 network, the project announced in an official newsletter. The transition has drastically reduced the annual issuance of RON from 45 million to 5 million. According to the announcement, future issuance will be distributed directly to builders and developers through a "Proof of Distribution" reward system. Ronin plans to enhance its profitability through measures such as increasing marketplace fees, with the goal of establishing itself as a gaming-specific chain within the Ethereum ecosystem.