RON Surges 15.37% Amid Axie Infinity's bAXS Token Launch and Ecosystem Reforms
The RoninRON-- Network's RONRON-- token rose 15.37% as part of broader market volatility, driven by Axie Infinity's bAXS token launch and ecosystem reforms.
Axie Infinity's bAXS token is designed to curb bot farming and stabilize its economy by binding rewards to user accounts and reducing AXSAXS-- sell pressure.
Ronin Network is addressing security concerns post-2022 hack by increasing validator nodes, introducing a $1M bug bounty program, and planning a redesigned bridge for mid to late 2026 according to reports.
The Ronin Network's RON token climbed 15.37% on January 17, 2026, amid a broader crypto market downturn. This rise is attributed to Axie Infinity's strategic shift to stabilize its tokenomics through the introduction of bAXS. The bAXS token is non-tradable and tied to user accounts, aiming to reduce sell pressure on AXS and promote long-term gameplay engagement. This is part of a broader effort to make the Axie InfinityAXS-- economy more sustainable.
The broader crypto market experienced a decline, with 70% of cryptocurrencies losing value, but Axie Infinity's ecosystem showed resilience. The bAXS token is designed to reduce the supply of AXS, stabilize tokenomics, and discourage bot farming according to analysis. The token will be usable for staking and governance, potentially leading to a more sustainable economic model for the Axie Infinity platform.
Security remains a focal point for the Ronin Network following the 2022 hack. The network has increased validator nodes from 9 to 11 and plans further increases as reported. A $1 million bug bounty program has been launched to encourage white-hat hackers to identify vulnerabilities according to CoinMarketCap.
The redesigned Ronin Bridge is expected to be reopened by mid to late May 2026 once developers are confident in its security according to updates.
What is the bAXS token and how does it stabilize Axie Infinity's economy?
The bAXS token is a non-tradable token introduced by Axie Infinity to stabilize its tokenomics according to Yahoo Finance. By binding rewards to user accounts, the token aims to reduce bot farming and discourage short-term selling of AXS tokens. This transition is part of a broader effort to reduce reliance on SLP and improve the long-term sustainability of the Axie Infinity economy. The token can be staked, spent, or sold, but it starts with being tied to user accounts to encourage long-term participation as detailed in reports.
The introduction of bAXS is a strategic move to address inflation and bot farming issues. The token is expected to reduce the supply of AXS and stabilize the tokenomics of Axie Infinity. The success of bAXS will depend on its adoption in staking and governance, potentially leading to a more sustainable economic model for the platform.
Why is the Ronin Network enhancing security measures, and what are the plans?
The Ronin Network is enhancing security measures in response to the 2022 hack that resulted in a $625 million loss according to security analysis. The network has increased its validator nodes from 9 to 11 and plans further increases to improve security as reported. In addition, a $1 million bug bounty program has been launched to incentivize security researchers to identify and report vulnerabilities according to CoinMarketCap.
The network is also implementing mandatory employee training and conducting infrastructure audits to prevent future breaches as outlined in security updates. The redesigned Ronin Bridge is expected to be launched by mid to late May 2026 once security is assured according to project updates. These measures are part of a larger initiative to restore trust and prevent future attacks as reported by financial sources.
The Ronin Network has also increased validator nodes and is working on a redesigned bridge to enhance security according to updates. These steps are crucial for rebuilding trust in the network following the 2022 hack as detailed in security reports.
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