Ronin Network

Ronin Network receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Ronin's L2 migration to OP Stack and full CCIP bridge adoption are material security improvements — the attack surface responsible for both prior exploits has been decommissioned. However, the new bridge contracts (deployed May 12, 2026) are unproven and carry a fresh risk window until independent audits are published and battle-tested operation is established. The 89% emission cut and Proof of Distribution model significantly improve RON token economics. Overall risk profile improved: prior incidents now apply time-decay (replaced code) and protocol vitality is strengthened. Full rescan recommended in 30-60 days once OP Stack contracts accumulate operational history and audits are published. Ronin Network is a gaming-focused Ethereum L2 built by Sky Mavis for Axie Infinity — one of the most successful blockchain games ever. On May 12, 2026, Ronin completed a landmark migration from an independent DPoS sidechain to an OP Stack Ethereum L2, inheriting Ethereum's security. The old 9-validator bridge that suffered two prior exploits ($625M in 2022, $12M returned in 2024) has been fully retired and replaced by Chainlink CCIP. Annual RON inflation was cut 89% from ~20% to ~1%. Today Ronin hosts an ecosystem of gaming applications with ~1.2M daily active users and ~$14M chain TVL. The new contracts are unproven at scale and independent audits have not yet been published.

The key risks identified for Ronin Network are: (1) New OP Stack bridge contracts deployed May 12, 2026 are unproven — independent audits have not yet been published; newly deployed contracts historically carry the highest exploit risk in their first 6-12 months (2) Had two prior bridge exploits ($625M 2022 hack, $12M white-hat 2024) — both on the now-retired architecture; North Korean Lazarus Group demonstrated specific intent to target Sky Mavis (3) Gaming ecosystem activity has declined sharply from 2021 peaks, reducing the economic foundation underpinning RON's value (4) Sky Mavis retains significant centralized control over Governing Validator designation and chain governance

Ronin Network scores 34/100 across eight risk dimensions: Mechanism Novelty: 4/15, Interaction Severity: 8/20, Oracle Surface: 4/10, Documentation Gaps: 2/10, Track Record: 5/15, Scale Exposure: 3/10, Regulatory Risk: 2/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 56 rated L1 protocols on Hindenrank, Ronin Network ranks #31 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it in the middle tier of L1 protocols.

Ronin Network scores 5/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.