Ronin set to transition to Ethereum layer 2 from independent sidechain
Burns Brief
The purpose behind the migration is to enhance security, tokenomics and scalability, said Ronin, which suffered the largest DeFi bridge exploit on record in 2022 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $ETH for reaction — a decisive move above or below key levels will confirm the next trend.
The purpose behind the migration is to enhance security, tokenomics and scalability, said Ronin, which suffered the largest DeFi bridge exploit on record in 2022.
Key Takeaways
- The purpose behind the migration is to enhance security, tokenomics and scalability, said Ronin, which suffered the largest DeFi bridge exploit on record in 2022