Ronin set to transition to Ethereum layer 2 from independent sidechain
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.
The transition of Ronin to Ethereum layer 2 is likely to bolster investor confidence in ETH due to enhanced security and scalability. This may lead to a bullish trend in ETH prices as the migration could attract more users and developers.
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.
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