Axie Infinity creator Ronin network coming back to Ethereum as L2

Ronin, a purpose-built blockchain for gaming, said it will migrate back to the Ethereum ecosystem as a layer-2 network, making Ronin a general-purpose chain for applications beyond gaming.

The blockchain originally in 2021 in search of better network speeds and cheaper transaction fees , a non-fungible token (NFT) blockchain video game. The Ronin team :

“Things are different now. Ethereum is back. Transaction costs and speeds are better than ever. We are early to a new era of growth, and Ronin is ready to rise.”

The team set a Q2 2026 target for the full migration from being a standalone layer-1 blockchain to an Ethereum layer-2 network.

“Ethereum is winning the war for Wall Street’s attention and capital,” according to Ronin, which cited the as a main driver for the decision to migrate back to the Ethereum ecosystem. 

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Etherealize, a marketing company established to pitch Ethereum to Wall Street investors, with backing and funding from the Ethereum Foundation.

Since that time, as publicly traded businesses that accumulate Ether () on their balance sheets, and the price of Ether hit a recent high of about $4,790.

Matt Hougan, chief investment officer at investment company Bitwise, told Cointelegraph that Ether treasury companies for Ethereum that appeals to traditional financial investors.

Putting ETH into an “equity wrapper” that accrues yield through staking provides investors with a vehicle they are familiar with and feel comfortable investing in, Hougan said.

Proponents of the Ethereum treasury strategy say that the network will become the backbone of a new financial system, acting as a base layer for decentralized finance (DeFi), , and stablecoin settlement.

The prohibition of yield-bearing stablecoins in the US, stipulated in the recently passed GENIUS bill, will , where they can stake or earn passive income through lending activities, according to analysts.

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