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Ronin (RON) is the native utility token of the Ronin blockchain, a layer-2 solution designed to enhance the Ethereum ecosystem by providing faster and cheaper transactions specifically for gaming and non-fungible tokens (NFTs). Initially developed for the popular blockchain game Axie Infinity, RON facilitates various operations within the Ronin network, including staking, governance, and transaction fees.
Aave (AAVE) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without intermediaries. It operates on the Ethereum blockchain, using smart contracts to facilitate transactions and ensure security while providing users with the ability to earn interest on their deposits or borrow assets.