Ronin Network, known for supporting popular blockchain games like Axie Infinity, will transition to an Ethereum Layer 2 solution on May 12. This migration marks a significant shift from its current status as an Ethereum sidechain, leveraging the OP Stack infrastructure to enhance transaction capacity. The transition will occur at block height 55,577,490, with the mainnet expected to be offline for about 10 hours, potentially affecting game availability. The migration will significantly alter Ronin's economic structure, reducing the RON token inflation rate from over 20% to under 1% and increasing market fees to the treasury from 0.5% to 1.25%. Additionally, 90 million RON tokens will be moved to the Ronin treasury, and a new "proof of allocation" system will automate RON rewards distribution. Despite a recent 11% rise in RON's price, the token has seen a steep decline of nearly 81% over the past year, reflecting broader challenges in the crypto gaming sector.