RON Archives - Coin Engineer

Ronin (RON) Treasury Makes Historic Move Starting September 29

Yeliz Akmaca — Sun, 21 Sep 2025 12:42:25 +0000

Ronin Treasury announced it will begin buying back approximately 1.3% of RON’s circulating supply starting September 29. Over the course of one month, the treasury will convert its 890 ETH and 650,000 USDC entirely into RON. This initiative aims to strengthen the ecosystem and support RON’s long-term value.

Treasury and Fund Structure

Over the past four years, the treasury has accumulated millions of dollars in tokens through various ecosystem revenue streams, including:

0.05% fee from Katana DEX trades,
0.5% commission from Ronin Market trading volume,
30% share from Ronin Name Service (RNS) registration and renewal fees,
Gas fees generating approximately 3 million RON annually.

As of now, the treasury holds around $5 million in assets, with only 12% in RON or wRON. The new buyback program will significantly increase the treasury’s RON holdings.

Importance of the RON Buyback Program

The planned buybacks will not only balance the token economy but also reduce circulating supply, creating a deflationary effect. This move is expected to support RON’s value for long-term investors and Web3 users alike.

Additionally, the program sends a strong signal regarding Ronin’s future Layer-2 transition on Ethereum. The team emphasizes confidence in RON’s future and their growth-oriented strategy.

Ecosystem and Market Impact

Throughout the buyback process, all transactions will be executed on-chain through third-party market makers. This approach ensures transparency and adds new transaction fees to the ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ronin (RON) Treasury Makes Historic Move Starting September 29 appeared first on Coin Engineer.

The Latest on Bitcoin and Cryptocurrencies: 17 February

Yigit Taha OZTURK — Mon, 17 Feb 2025 08:30:14 +0000

Will the uptrend continue? What are the key support and resistance levels? We have prepared liquidation data, the biggest gainers and losers, upcoming events, and other details for you!

Bitcoin’s Key Intraday Levels

The BTC/USD pair has lost 1.49% in the last 24 hours and is currently trading at $95,930. Bitcoin (BTC) continued its decline after losing the $98,331 support, retesting it before moving downward. To resume an uptrend, BTC needs to reclaim $98,331 as resistance. The key support levels are $94,886 and $92,053.

BTC/USD 4-hour chart analysis.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has lost 0.36% in the last 24 hours and is currently trading at $2,682. Resistance levels for ETH are at $2,724, followed by $2,877. Support levels are at $2,532 and $2,366.

PancakeSwap (CAKE): The CAKE/USDT pair has gained 9.36% in the last 24 hours and is currently trading at $2.717. Resistance levels for CAKE are $2.859, followed by $3.129. Support levels are at $2.678, with a deeper decline potentially leading to $2.451.

The Graph (GRT): The GRT/USDT pair has gained 3.77% in the last 24 hours and is currently trading at $0.1429. Resistance levels for GRT are $0.1471, followed by $0.1501. Support levels are at $0.1367, with a deeper decline possibly reaching $0.1258.

Ronin (RON): The RON/USDT pair has gained 3.66% in the last 24 hours and is currently trading at $1.295. Resistance levels for RON are $1.316, followed by $1.394. Support levels are at $1.240, with a further decline potentially reaching $1.189.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Story (IP), Official Trump (TRUMP), and Ondo (ONDO).
The top gainers include Story (IP), BTSE Token (BTSE), and Siacoin (SC).
The top losers include Plume (PLUME), Ket (KET), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a notable $29.38 million liquidation stands at $97,062 on the upper side. On the lower side, the key liquidation level is $95,374, with $24.08 million in liquidations.

The post The Latest on Bitcoin and Cryptocurrencies: 17 February appeared first on Coin Engineer.

Users Are Avoiding High Fees!

admin — Tue, 03 Sep 2024 19:45:45 +0000

According to data from Lookonchain, transaction fee revenues on the Tron Network saw a significant increase of 46.54% in August compared to the previous month. This surge in fee revenues suggests that the Tron network is attracting more users and experiencing higher transaction volumes.

As Tron Rises, Ethereum, Solana, and Bitcoin Decline

BNB Smart Chain (BSC) also performed well in August, with a 6.63% increase in transaction fee revenues. However, the same can’t be said for other major blockchain networks during this period. The data shows that Ethereum’s transaction fee revenue fell by 33.44%, Solana’s by 48.51%, and Bitcoin’s by 16.85%.

The impressive rise in Tron Network’s transaction fee revenue highlights the network’s appeal due to its low-cost transactions and high speed. These features make Tron an attractive choice for both investors and developers, particularly within decentralized finance (DeFi) applications and NFT marketplaces, which have been key drivers of the network’s growth.

In contrast, BSC’s more modest increase in fee revenue indicates that the network remains popular, with users continuing to benefit from its lower transaction fees. On the other hand, the decline in transaction fee revenues for more established networks like Ethereum and Solana suggests a weakening user base and decreased transaction activity on these platforms.

Users Steering Clear of High Transaction Fees

The sharp decline in transaction fee revenues on Ethereum’s mainnet, the largest altcoin network, has led to speculation that users are increasingly avoiding high fees or opting for alternative blockchain networks. Similarly, the drop in fees on Solana and Bitcoin networks indicates waning interest from investors in these platforms.

While it remains uncertain whether the trend of rising transaction fee revenues on Tron and other blockchains will continue, it is likely to be influenced by factors such as hype, trends, future network updates, user feedback, and the overall state of the cryptocurrency market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Users Are Avoiding High Fees! appeared first on Coin Engineer.

Ronin Network’s RON Token Surges 11% After Coinbase Listing

admin — Fri, 22 Mar 2024 18:30:53 +0000

The native token of Ronin Network, RON, experienced an 11% surge to reach $4.12 on March 21 following its listing on Coinbase. The announcement of the listing coincided with Ronin Network’s significant increase in daily activity, with active addresses skyrocketing by over 500% since February, surpassing previous peaks observed during the Axie Infinity craze in 2021.

In a blog post, the Ronin Network team noted the explosive growth of Coinbase this year, attributed to the rising interest in web3. They highlighted that many Coinbase users might be delving into web3 for the first time, contributing to the increased adoption and activity on Ronin Network.

Founded in early 2021 by Sky Mavis, Ronin Network serves as a blockchain platform specifically tailored for play-to-earn on-chain activities. The platform hosts a variety of web3 games, including Axie Infinity, Pixels, and Wild Forest, enabling players to earn cryptocurrencies and non-fungible tokens (NFTs) through their on-chain engagements.

Eliza Crichton-Stuart, head of operations at GAM3S.GG, suggested that Ronin’s recent surge in on-chain activity could be attributed to engagement across various games, particularly highlighting Pixels. Pixels, reminiscent of classic farming games like Harvest Moon and Stardew Valley, incorporates a crypto token economy alongside NFT-based land plots and pets. Originally launched on the Polygon network, the game transitioned to Ronin Network last autumn, significantly boosting adoption and activity on the platform.

The post Ronin Network’s RON Token Surges 11% After Coinbase Listing appeared first on Coin Engineer.