$RONIN , $ETH

In a move that many are calling an admission of failure, Ronin ($RON) is abandoning its independent sidechain model. After losing 70% of its active addresses, the chain behind Axie Infinity is becoming an Ethereum L2 using the OP Stack.

The technical shift is a "Hail Mary" to inherit Ethereum’s security and join the "Superchain" ecosystem. Sidechains have historically been insecure, as evidenced by Ronin’s own $600M hack. While optimists see this as a necessary evolution, pessimists view it as a dying chain surrendering its sovereignty to survive.

This solidifies the "L2 or Die" narrative of 2026. If even the biggest gaming chain cannot survive as an Alt-L1, it proves that non-ETH chains struggle without Ethereum’s deep liquidity and security.

The Q1 2026 migration will be a make-or-break moment for Axie Infinity's player count. Investors are also waiting for details on how the L2 shift will impact $RON staking rewards.

Is this the rebirth of GameFi or just a final gasp for air?

Ronin is becoming an Ethereum L2. Is this the rebirth of GameFi or a final gasp?

#Ronin #AxieInfinity #EthereumL2 #GameFi

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