Ronin, the blockchain behind the hit game Axie Infinity, has announced a new plan to strengthen its token economy through smart moves that have surged the RON price. Is it a good time to buy RON? Let’s dive in.
The Sky Mavis-built network said on Sept. 21 that it will begin buying RON from the open market starting Sept. 29.
Over about a month, the team will convert its Treasury’s 890 ETH and 650,000 USDC, roughly $4.5-$5M, into RON. At current prices, that equals about 1.3% of circulating supply.
All purchases will be executed on-chain with third-party market makers, and the team stressed that no RON sales are planned.
The announcement has lifted market sentiment. RON traded near $0.53 in the past 24 hours, with daily volume topping $29M, up sharply from prior levels.
CoinMarketCap data showed the token up around +8% in the same period, while it recorded a 24-hour range between $0.487 and $0.541.
(Source: Coinmarketcap)
The move aligns with broader changes in Ronin’s tokenomics. Earlier this year, the March 17 “Cerastes” upgrade introduced EIP-1559-style gas mechanics, which burn a base portion of fees while channeling another share into the Treasury.
Messari estimated that this setup could accrue as much as 3M RON per year with steady usage, about 0.3% of total supply. Together, fees, burns, and buybacks now create dual deflationary pressure.
Ronin framed the buybacks as part of its “homecoming” to Ethereum as a layer-2 chain and a way to align holders and builders around long-term growth.
The update follows a year of infrastructure expansion, including permissionless deployment and new DeFi initiatives.
Buybacks will begin Sept. 29 and run for about a month, with the actual impact depending on price levels, slippage, and validator-approved schedules.
Meanwhile, the fee-burning model means the network’s growth through gas usage, game launches, or DeFi activity will directly influence how strong the deflationary effect becomes.
For now, the combination of on-chain buybacks and structural burns has stoked debate among traders: Is this the setup that makes RON the best crypto to buy?
Ronin fits that theme. The blockchain gaming network plans to start about $4.5M in RON buybacks on September 29.
Hydraze said he began buying near $0.48 and expects “the needle to start moving soon,” calling it a comfortable setup.
