<p>Ronin's Treasury arm is set to begin RON buybacks on September 29, 2025. The move aims to swap the Treasury's ETH and USDC holdings directly into $RON, on-chain. Ronin aims to absorb 1.3% of RON's circulating supply at current prices as it prepares for its transition into a full-fledged Ethereum Layer 2.</p><p>$RON token buybacks will be conducted through third-party market makers. All transactions will be executed transparently. Ronin devs also released a&nbsp;<a href="https://blog.roninchain.com/p/ron-buybacks-and-unleashing-the-ronin-treasury">detailed blog post on the Ron buybacks</a>, confirming that this is a one-way operation, meaning the RON accumulated won't be sold.</p><h2>What Is the Ronin Treasury?</h2><p>The Ronin Treasury is the network's war chest. It has accumulated more than $5 million in tokens, including:</p><ul><li>895 ETH</li><li>650,000 USDC</li><li>Smaller allocations of RON and wRON</li></ul><p>The Treasury's revenue streams are also tied to the Ronin ecosystem, with the most notable:</p><ul><li>0.05% fee from every Katana DEX trade</li><li>0.5% fee from Ronin Market trading volume (plus a share of OpenSea's Ronin activity)</li><li>30% of Ronin Name Service (RNS) registration and renewal fees</li><li>A portion of gas fees through EIP-1559</li></ul><div class="raw-html-embed"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">2/ What is the Ronin Treasury?<br><br>The Ronin Treasury holds over $4.5M USD in tokens including 895 ETH and 650K USDC.<br><br>Over the past few years, the Treasury accumulated these funds by:<br><br>• Earning 0.05% fee from every trade on the Katana DEX<br>• Earning a 0.5% fee from total Ronin… <a href="https://t.co/PVN8RAGFIU">pic.twitter.com/PVN8RAGFIU</a></p>— Ronin (@Ronin_Network) <a href="https://twitter.com/Ronin_Network/status/1969726014600474993?ref_src=twsrc%5Etfw">September 21, 2025</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><h2>Why Is Ronin Buying Back RON?</h2><p>Ronin looks to be buying back RON to demonstrate its conviction. The Ronin Treasury only held 12% of its assets in RON. Now the Treasury aims to swap 100% of its ETH and USDC into RON ahead of its Ethereum L2 migration.</p><p>The buyback program has been a frequent community request as well, and the timing aligns with industry shifts. Institutional interest in Ethereum grew significantly over the course of summer 2025, and Ronin looks to position itself in the right spot while moving forward.</p><h2>What Comes Next for Ronin and RON?</h2><p>Upcoming Ronin milestones include:</p><ul><li>Ethereum L2 migration</li><li><a href="https://funjible.games/news/axie-infinity-goes-mmo-first-look-inside-atia-s-legacy">Atia's Legacy playtest</a></li><li>Community events at Token2049</li></ul><p>At Funjible Games, we've also recently had the opportunity to speak with Jeff 'Jihoz' Zirlin, co-founder of&nbsp;<a href="https://funjible.games/games/Axie-infinity">Axie Infinity and</a> the Ronin Network, at Korea Blockchain Week. Besides the buybacks and the migrations, Jihoz shared his excitement for the upcoming&nbsp;<a href="https://funjible.games/news/axie-infinity-s-atia-s-legacy-mmo-open-for-pre-registration">Axie MMO, Atia's Legacy</a>, potentially the most interactive experience within the Axie space.</p><p>Considering everything new headed to the Ronin world, the buyback program could add some much-needed fuel to the fire. Developers supporting their ecosystems through buybacks often signal confidence within the Web3 space, and this conviction may open more doors for Ronin in the future.</p><div class="raw-html-embed"><iframe width="560" height="315" src="https://www.youtube.com/embed/kfTLQPhDUEo?si=6D77QtNmZTsa_K0c" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""></iframe></div>

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