🤔 Ronin Set to Transition From Gaming Sidechain to
$OP Stack-Based #Ethereum Layer 2 on May 12
Ronin will officially migrate from its standalone gaming sidechain into an #Ethereum Layer 2 network powered by the
$OP Stack on May 12, marking the end of its independent sidechain era that began in 2021. The upgrade is expected to bring nearly 10 hours of downtime while also slashing
$RONIN annual inflation from above 20% to under 1%.
Ronin previously suffered a massive $625 million bridge exploit in 2022 — one of the biggest cross-chain bridge hacks ever recorded in
#DeFi .
#hack #cryptofactske ethereum:native