Ronin is joining Crypto Heavyweights, which tapped on optimism tools to build his own chain and also relied on OP stacks to launch the L2 network.
The blockchain game ecosystem, Ronin, has turned its eye on the OP stack of “Homecoming Tweethereum” optimism as a layer 2 chain, using crypto giants such as Coinbase and Uniswap to launch the Fullfulled Ethereum L2 solution.
In X-thread on Tuesday, September 9th, Ronin said that OP stack integration, a set of open source tools, can process transactions up to 15 times faster, with block time of 100-200 milliseconds and the ability to process 1 million transactions per second.
In addition, the network also inherits Ethereum security. This is an important safeguard after Ronin’s past millions of dollars crossbridge hacks.
The move follows a short bid round that portrays proposals from Arbitrum, Polygon and Zksync to develop Ronin’s L2. However, the optimism package appears to have provided the most engaging mix of cash, engineering support and access to the ecosystem.
As part of the deal, Ronin will receive milestone-based grants totaling around $5 million to $7 million from the Optimism Foundation Eigen Labs and the Bondless Foundation, a total of about $5 million to $7 million, the company said in the X-Thread. This includes the OP tokens and assignments for ZKC and Eigen tokens.
The rebels were unable to independently examine the public outcomes of the governance vote, as the votes were not displayed on Ronin’s proposal page. However, a spokesperson for the platform said the vote was “through a private forum with the administrator.”
Close partner
Commenting on the deal, Eli Haims, protocol product lead at Optimism’s Op Labs, told Defiant that Ronin is “optimizing for long-term partners that they are confident in relying on and building.”
“Optimism gives Ronin the flexibility to customize features to meet their own needs. Ronin means that L2 will be launched for $ron as a custom gas token, utilize Eigenda for data availability and has a clear path to evidence of ZK effectiveness,” explained Haims.
Beyond the initial transition, OP Labs product lead added that optimism “will ensure we are a close partner with Ronin and will benefit from future shared security, upgrades and new OP stack features.”
The transition from Ronin’s standalone sidechain to Ethereum L2, announced last month, is expected to be completed over the coming months, with no user action required. In the news, the price of the Ronin (Long) token jumped to 6.8% in the last 24 hours to $0.53, while the optimistic OP token saw a bump of 2% that day, but has risen by more than 8% in the past week.
As Ronin joins, optimism is adding another big project to the growth list of prominent crypto projects, including Coinbase’s Base, Kraken’s Ink, and Uniswap’s Unichain, which chose to use the OP stack for the launch of the L2 chain.
In contrast, retail broker giant Robin Hood chose Arbitrum to build its own Ethereum L2.