After a period of exploring alternative blockchain solutions, the Ronin team has announced their decision to return to the Ethereum ecosystem. The team cited the need for a more performant blockchain as well as Ethereum's growing appeal to Wall Street investors as key factors influencing their choice.

Ronin, a scaling solution for Ethereum-based games and decentralized applications (dApps), had previously been exploring other blockchain options in search of better performance. However, after evaluating various factors, they have decided to come back to Ethereum.

One of the main reasons behind this decision is the need for a blockchain that can offer higher performance. Ethereum, despite its popularity and widespread adoption, has been facing scalability issues due to high gas fees and network congestion. By returning to the Ethereum ecosystem, Ronin aims to leverage the network's potential for improvement and scalability.

Additionally, the increasing interest of institutional investors and financial institutions in Ethereum has played a significant role in Ronin's decision. With Wall Street showing growing interest in Ethereum and decentralized finance (DeFi) applications, the ecosystem has been attracting more investment and attention from traditional financial players. This trend has created new opportunities for projects like Ronin to benefit from the expanding ecosystem and tap into a broader pool of investors.

By aligning with Ethereum's Wall Street appeal, Ronin aims to position itself strategically within the ecosystem and take advantage of the growing institutional interest in blockchain technology. This decision reflects a broader trend in the crypto space, where institutional adoption and mainstream recognition are driving the growth and development of blockchain projects and decentralized applications.

Overall, Ronin's return to the Ethereum ecosystem signals a vote of confidence in the network's potential for growth and scalability. By leveraging Ethereum's existing infrastructure and tapping into the expanding investor base, Ronin aims to position itself for success in the evolving blockchain landscape.

As the crypto industry continues to evolve and mature, projects like Ronin will play a crucial role in shaping the future of decentralized applications and blockchain technology. By recognizing the opportunities presented by Ethereum's performance improvements and Wall Street appeal, Ronin is poised to capitalize on the growing interest in blockchain technology and drive innovation within the ecosystem.

Source: https://cointelegraph.com/news/axie-infinity-ronin-coming-back-ethereum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound