Ronin, a blockchain that was specially developed for gaming, returns to the Ethereum network. This changes Ronin from an independent technology to an expansion of Ethereum, so that it can be used more widely than just for games.
From gaming to wider applications
Ronin was launched in 2021 when the blockchain released from Ethereum. That happened because Ethereum was too slow and too expensive at the time to support large numbers of players in the popular NFT game Axie Infinity. Ronin offered faster transactions and lower costs, and thus became indispensable for the game.
According to the Ronin team, the situation has now changed: Ethereum has become faster and cheaper. That is why Ronin wants to make the switch to a so-called Layer-2 solution on top of Ethereum. This transition is planned for the second quarter of 2026.
Ethereum increasingly popular with large investors
An important reason for the return is that Ethereum is increasingly interested in major financial institutions. According to Ronin, Ethereum attracts the attention of Wall Street, where more and more capital flows towards the network.
For example, Etherealize was established at the beginning of this year, a marketing agency that brings Ethereum to the attention of large investors. This initiative received support from the Ethereum Foundation. In the meantime, several companies that have in their possession have gone to the stock market, while the course of Ether peaked around $ 4,790.
Ethereum as a new financial backbone
According to experts, Ethereum plays an increasingly important role in the financial world. For example, Matt Hougan, Chief Investment Officer at investment company Bitwise, explains that Ethereum is made attractive for traditional investors by packing it in an investment product that also yields returns through a strike. This makes it feel familiar for parties who are used to traditional financial instruments.
Proponents expect Ethereum to form the basis of a new financial system. The network would then not only serve for decentralized finances (Defi), but also for applications such as digitizing real assets and handling payments with stablecoins.
New legislation drives investors to Ethereum
The United States recently adopted the Genius Act, which prohibits Stablecoins that produce interest or returns. Analysts predict that this will work in favor of Ethereum.
Because investors now have fewer options at Stablecoins, they could more often move to Ethereum and his Defi applications. There they can still have their money rendered through a strike or by lending it within the network.
Source: https://newsbit.nl/ronin-keert-terug-naar-ethereum-als-layer-2-netwerk/
