Ronin Network has been making waves lately. Originally launched in 2021 by Sky Mavis, the team behind Axie Infinity, it was once a permissioned blockchain—meaning only select projects could deploy on it. That’s changed. With the launch of “Open Ronin ,” the network is now open to all builders, setting the stage for a flood of new projects in gaming, DeFi, AI, and more.
And Alvara Protocol has taken notice. The DeFi project recently announced that it’s rolling out a BTS (Basket Token Standard) on Ronin, including major ecosystem tokens like $AXS, $RON, and $SLP, alongside its own $ALVA token. Not only that, but Alvara has made strategic treasury allocations in $AXS and $RON, signaling a long-term commitment to Ronin’s growth.
Why Ronin’s Open Network Matters
Before this shift, Ronin had already hit 1.7 million monthly active addresses and $4 billion in all-time NFT volume, all while being in a restricted state. Now that it’s fully open, expect those numbers to climb.
Some projects are already making the switch. Cambria moved from Blast, Kuroro Beasts from Arbitrum, and Fableborne from Avalanche. More are expected to follow as Ronin’s high user retention rates continue to attract developers.
But it’s not just about gaming anymore. Ronin is setting up for a second major evolution—the launch of its zkEVM Layer 2 solution, which will let projects create their own custom Layer 2 networks. That means we could start seeing more DeFi, AI, and decentralized physical infrastructure (DePIN) projects enter the ecosystem.
And some of that is already happening. Community Gaming has launched Forkast, a prediction market platform built on Ronin, allowing users to make wagers on esports, internet trends, and Web3 events. Meanwhile, Tama Meme, a Ronin-based meme coin launchpad, has facilitated the creation of over 21,000 tokens, giving users an easy way to generate and trade custom tokens.
With projects like these joining alongside new gaming titles, Ronin is evolving beyond gaming. To support this growth, Sky Mavis has launched the Ronin Developer Console, providing tools for NFT listings, in-game marketplaces, and gas-free transactions, making it easier for both game studios and non-gaming projects to build on the network.
What Alvara Protocol Brings to Ronin
Alvara Protocol is built on ERC-7621, also known as the Basket Token Standard (BTS). If you’re familiar with ETFs in traditional finance, this is the on-chain equivalent—a way to bundle multiple assets into one tradeable token.
For example, instead of buying $AXS, $RON, and $SLP separately, you can hold them in a single BTS token, making it easier to manage your portfolio.
Here’s how that works: Instead of purchasing and tracking each token individually, you can mint a BTS token that represents all of them. The value of this BTS token automatically adjusts based on the combined performance of the assets inside it. If you ever want to exit your position, you can simply sell or trade the BTS token, rather than having to deal with multiple transactions.
This approach reduces transaction costs and simplifies asset management—especially in ecosystems like Ronin, where players, investors, and developers interact with multiple tokens regularly.
Alvara’s platform lets anyone create, manage, and trade these baskets, bringing structured asset management to DeFi. With this integration, users on Ronin now have an easier way to gain exposure to multiple assets in the ecosystem.
What’s Next?
With Ronin now open, its zkEVM Layer 2 coming soon, and major projects like Alvara Protocol moving in, the ecosystem is primed for expansion.
As more developers explore what’s possible, expect Ronin to evolve beyond gaming into a broader hub for blockchain-based applications. Whether you’re a gamer, investor, or builder, there’s a growing number of ways to get involved.
