{"id":89160,"date":"2025-09-22T16:40:37","date_gmt":"2025-09-22T13:40:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89160"},"modified":"2025-09-22T16:46:31","modified_gmt":"2025-09-22T13:46:31","slug":"ronin-to-repurchase-1-3-of-current-ron-supply","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ronin-to-repurchase-1-3-of-current-ron-supply\/","title":{"rendered":"Ronin to Repurchase 1.3% of Current RON Supply"},"content":{"rendered":"<p>The team behind the gaming <a href=\"https:\/\/forklog.com\/en\/news\/sidechains-what-they-are-and-how-they-work\">sidechain<\/a> Ronin will conduct a buyback of native tokens worth approximately $4.6 million to reduce the circulating supply of RON.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">RON Buybacks: Unleashing the Ronin Treasury<\/p>\n<p>Ronin\u2019s sleeping giant is waking up.<\/p>\n<p>Over the past four years, the Ronin Treasury has accumulated a massive trove of tokens.<\/p>\n<p>This silent stockpile has been growing in the shadows for too long.<\/p>\n<p>We\u2019re ready to unleash the beast.<\/p>\n<p>On\u2026 <a href=\"https:\/\/t.co\/CLVSAkdDDH\">pic.twitter.com\/CLVSAkdDDH<\/a><\/p>\n<p>\u2014 Ronin (@Ronin_Network) <a href=\"https:\/\/twitter.com\/Ronin_Network\/status\/1969725795141837272?ref_src=twsrc%5Etfw\">September 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the announcement, over four years, the project has accumulated $4 million in ETH (including the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-wrapped-token\">wrapped<\/a> version WETH) and approximately 652,000 <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-usdc-stablecoin\">USDC<\/a> in its treasury.<\/p>\n<p>In total, the Ronin Treasury <a href=\"https:\/\/app.roninchain.com\/address\/0x22cefc91e9b7c0f3890ebf9527ea89053490694e?t=tokens&#038;p=1&#038;ps=25\">holds<\/a> assets worth about $5.3 million, of which only approximately $78,500 is in RON. The funds have been accumulated through fees from the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a> Katana, the Ronin Market marketplace, and the <span data-descr=\"Ronin Name Service\" class=\"old_tooltip\">RNS<\/span> service fees.\u00a0<\/p>\n<p>As part of the announced buyback, the treasury will exchange all ETH and USDC from its reserves for the native Ronin token through third-party market makers over the month starting September 29.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f027c7ad1011d617-4940499767113790-1024x576.png\" alt=\"95e23220-f730-45e0-ae92-7655634c54c4_2400x1350\" class=\"wp-image-266155\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f027c7ad1011d617-4940499767113790-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-f027c7ad1011d617-4940499767113790-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-f027c7ad1011d617-4940499767113790-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-f027c7ad1011d617-4940499767113790.png 1456w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Ronin.<\/figcaption><\/figure>\n<p>This will remove approximately 9.4 million RON from circulation\u2014about 1.3% of the current supply. The team does not intend to sell or use them otherwise.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe aggressive schedule reaffirms our strong belief that RON is undervalued and ready for a new growth phase. This is the first step towards achieving our strategic goal,\u201d Ronin stated.<\/em><\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Will the Buyback Help?<\/h2>\n<p>In August, the project <a href=\"https:\/\/forklog.com\/en\/news\/ronin-developers-plan-return-to-ethereum-as-layer-2-network\">announced<\/a> the transition of the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> game <a href=\"https:\/\/forklog.com\/en\/news\/what-is-axie-infinity-axs\">Axie Infinity<\/a> sidechain back to Ethereum as a full-fledged <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">Layer 2<\/a> network. The team will use OP Stack tools to build the L2 solution. The protocol <a href=\"https:\/\/forklog.com\/en\/news\/ronin-sidechain-relaunch-what-happened\">separated<\/a> from the blockchain of the second-largest cryptocurrency due to low throughput and high fees in 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cRonin is spending the last of its treasury on buying back 1.3% of its own tokens and will rely on Optimism grants for further development. It seems the key terms of their deal are now clear,\u201d one commentator <\/em><a href=\"https:\/\/x.com\/crypto_vadim\/status\/1969751728229642358\"><em>remarked<\/em><\/a><em> sarcastically.<\/em><\/p>\n<\/blockquote>\n<p>Some users <a href=\"https:\/\/x.com\/JonathanAC77\/status\/1969844925991989412\">believed<\/a> that withdrawing such a small volume of the asset from the market while maintaining issuance is unlikely to significantly impact price dynamics.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe buyback will increase the amount of RON in the treasury and reduce supply. This will further unite our ecosystem, token holders, and developers as Ronin evolves into a full-fledged L2 network. It will also prepare our movement for further growth as the rest of the world returns to Web3 games,\u201d Ronin stated.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>At the time of writing, RON is trading at approximately $0.5\u201486.5% below its all-time high of $4.45, recorded in March 2024 (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/ronin\">CoinGecko<\/a>). Over the past day, the token has depreciated by 8.5%, more than double the overall crypto market correction.<\/p>\n<p>The total value locked on the Ronin sidechain has plummeted from a record ~$1.5 billion in December 2021 to $52.3 million. The dominant share of this figure is attributed to the Katana exchange\u2014nearly $51 billion. This platform, along with Axie Infinity, generates almost all the revenue from network fees.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"353\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-aab7a39c04def52f-4940519570838007-1024x353.jpg\" alt=\"Ronin - DefiLlama - Google Chrome\" class=\"wp-image-266156\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-aab7a39c04def52f-4940519570838007-1024x353.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-aab7a39c04def52f-4940519570838007-300x103.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-aab7a39c04def52f-4940519570838007-768x265.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-aab7a39c04def52f-4940519570838007.jpg 1402w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/defillama.com\/chain\/ronin\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The number of active monthly users of the blockchain game has decreased from a peak of 2.8 million (January 2022) to 195,000 (<a href=\"https:\/\/activeplayer.io\/axie-infinity\/\">Active Player<\/a>). After a minor surge in interest in June 2024, Axie Infinity is losing tens of thousands of players monthly.<\/p>\n<p>In late March 2022, Ronin <a href=\"https:\/\/forklog.com\/en\/news\/ronin-the-ethereum-sidechain-hacked-attacker-siphons-625-million\">fell victim<\/a> to a hacker attack on its <a href=\"https:\/\/forklog.com\/en\/news\/what-are-cross-chain-bridges\">cross-chain bridge<\/a> to Ethereum, losing over $625 million. The sidechain suspended operations and resumed only in July after a <a href=\"https:\/\/forklog.com\/en\/news\/developers-announce-date-for-ronin-sidechain-restart\">relaunch<\/a>.<\/p>\n<p>Back in autumn 2024, Sky Mavis, the studio behind Axie Infinity and Ronin, <a href=\"https:\/\/forklog.com\/en\/news\/axie-infinity-developer-cuts-workforce-to-focus-on-new-game\">laid off 21% of its staff<\/a> as part of a strategic reorganization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ronin gaming sidechain team will conduct a buyback of native tokens worth ~$4.6 million to reduce the RON supply.<\/p>\n","protected":false},"author":1,"featured_media":89161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ronin to buy back $4.6M in tokens, reducing RON supply by 1.3%.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,1359,488,1258],"class_list":["post-89160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-ronin","tag-sidechains","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"126","promo_type":"1","layout_type":"1","short_excerpt":"Ronin to buy back $4.6M in tokens, reducing RON supply by 1.3%.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89160"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89160\/revisions"}],"predecessor-version":[{"id":89162,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89160\/revisions\/89162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89161"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}