WATCH

Ronin (RON)

Axie Infinity sidechain. Gaming-focused EVM chain with Katana DEX.

Ranked 118th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
104/250
118th of 251
Percentile
53.4%
of the rated universe
Circulating
77.2%
22.8% of value still to vest
Off all-time high
-98.9%
90.9x to recover
RoninNative+104 since last pass
01

What the numbers say

RON scores 104 of 250 across the 25-variable framework, which places it 118th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.

The score rests on Active Users 5/10, 38th of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Holder Concentration 4/10, 58th of 251.

Only 77.2% of RON's maximum supply is in circulation, so 1.29x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 22.8% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.

RON trades 98.9% below its all-time high of $4.45. Recovering that level is a 90.9x move, not a 98.9% one, which is the arithmetic most drawdown charts hide.

The framework score gained 104 points against the previous pass (0 to 104). Revisions of this size follow a change in the underlying variables, not a change in price.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for RON, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
398th of 251
Revenue Trend
3117th of 251
P/S Multiple
4104th of 251
Real Staking Yield
482nd of 251

Supply

Supply variables for RON, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
561st of 251
Vesting Schedule
5100th of 251
Circulating / FDV Ratio
5135th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for RON, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
493rd of 251
Insider Selling
542nd of 251
Holder Concentration
458th of 251

Traction

Traction variables for RON, scored 1 to 10 and ranked against 251 tokens
TVL Trend
3111th of 251
Active Users
538th of 251
Developer Activity
583rd of 251
Network Growth
4100th of 251

Position

Position variables for RON, scored 1 to 10 and ranked against 251 tokens
Market Share
487th of 251
Competitive Moat
4114th of 251
Institutional Adoption
471st of 251
Exchange Depth
573rd of 251
Social Mindshare
486th of 251

Risk

Risk variables for RON, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
5102nd of 251
Catalyst Calendar
3158th of 251
BTC Alpha Potential
445th of 251
Team Execution
574th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

Axie Infinity and Sky Mavis game network growth; Ronin's fast, low-cost chain attracts Web3 gaming projects.

Principal risk

Centralized validator set and past bridge hack ($625M); gaming token demand tied to Axie's user retention.

04

Market and supply

Price$0.0512
Market cap$39.5Mrank 509
All-time high$4.4526 Mar 2024
Circulating supply772,401,679
Eventual supply (max supply)1,000,000,000
Dilution to full supply1.29x
Listed onBinance, Bybit, KuCoin

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to RON measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

07

Common questions

What is the Early Thunder score for Ronin (RON)?
RON scores 104 out of 250 on the 25-variable framework, ranking 118th of 251 rated tokens (upper half). The framework verdict is WATCH.
What are RON's strongest fundamentals?
RON ranks highest on Active Users 5/10, 38th of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Holder Concentration 4/10, 58th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
How much RON supply is still to enter circulation?
77.2% of eventual RON supply is circulating today, leaving 1.29x the current float still to arrive. At a flat price per token that is 22.8% of fully diluted value ahead of current holders.
How far is RON from its all-time high?
RON trades 98.9% below its all-time high of $4.45. Returning to that high requires a 90.9x move from the level used in this scoring pass.
Which tokens have a similar profile to RON?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to RON are AUDIO (101), FLUX (96), POND (91) and IOTX (98). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for RON?
Axie Infinity and Sky Mavis game network growth; Ronin's fast, low-cost chain attracts Web3 gaming projects.

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.