Ronin has successfully transitioned to an Ethereum Layer 2 network using the OP Stack, maintaining RON as its gas token with minimal service disruption. The migration, completed on May 13, marks a significant step in Ronin's integration into the Ethereum ecosystem. In conjunction with the migration, Ronin has overhauled its RON tokenomics. The annual release of RON tokens has been drastically reduced from 45 million to 5 million, bringing the annual inflation rate down to approximately 1.2%. The new token distribution will support ecosystem builders through a Proof of Allocation mechanism. Additionally, the Ronin Treasury has introduced three new revenue streams: staking rewards from the remaining 90 million RON, Sequencer net profits, and an increased share of Ronin Marketplace transaction fees, now set at 1.25%.