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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.
Optimism (OP) is a Layer 2 scaling solution built on the Ethereum blockchain that aims to enhance transaction speed and reduce costs. By utilizing optimistic rollups, it allows for faster and more efficient processing of transactions while maintaining the security and decentralization of Ethereum.