Ronin, a blockchain specially designed for the game, said that it would come back to the Ethereum ecosystem as a layer 2 network, making Ronin a chain for general use for applications beyond the game.
The blockchain was initially withdrawn from the Mainnet Ethereum in 2021 in search of better network speeds and cheaper transaction costs for Infinity Axie, a video game of token blockchain (NFT). Ronin’s team wrote:
“Things are different now. Ethereum is back. Transaction costs and speeds are better than ever. We are early in a new era of growth, and Ronin is ready to increase. ”
The team has set a Q2 2026 target for the complete migration of the Autonomous layer 1 blockchain to an Ethereum Layer-2 network.
“Ethereum wins the war for the attention and capital of Wall Street”, according to Ronin, which cited the growing links between institutional investors and Ethereum as the main engine of the decision to give the Ethereum ecosystem.
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Ethereum becomes Wall Street Darling in Push institutionalization
Ethealalize, a marketing company created to present Ethereum to Wall Street investors, launched in January with the support and financing of the Ethereum Foundation.
Since then, several companies in the Treasury Ethereum have become listed companies that accumulate ether (ETH) on their balance sheets, and the price of ether has reached a recent summit of around $ 4,790.
Matt Hougan, investment director of the Bitwise investment company, told Cintelegraph that Ether cash companies created a coherent story for Ethereum which calls on traditional financial investors.
https://www.youtube.com/watch?v=20zfedqdkl8
Put ETH in a “equity packaging” that accumulates performance thanks to the markup offers investors a vehicle in which they know and feel comfortable, said Hougan.
Supporters of the Ethereum Treasury Strategy claim that the network will become the backbone of a new financial system, acting as a basic layer for decentralized finance (DEFI), the tokenization of real assets and the Stablecoin rules.
According to Ethereum, the ban on ecunines provided in return, stipulated in the recently adopted engineering bill, will lead investors to Ethereum Defi, where they can pay or earn passive income through loan activities, according to analysts.
Review: How Ethereum Treasury Companies could trigger “Defi Summer 2.0”