Validators process transactions and receive fees from users (supply-side fees).

Ronin is a smart contract platform for decentralized applications (a blockchain). Ronin was founded by Sky Mavis and launched in 2021.

RON holders own and govern the protocol. They currently don’t take a cut of the total transaction fees paid by users (revenue). Sky Mavis' investors include a16z, Binance, Animoca Brands, etc.

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Ronin

# Ronin Block time Methodology

## 1. Overview

Block time measures the average time interval between consecutive blocks on the Ronin blockchain, expressed in milliseconds and aggregated daily. This metric indicates blockchain performance and network health by showing how consistently the network produces new blocks. The calculation determines the time difference between consecutive blocks and averages these intervals for each day.

## 2. Data sources

- **Ronin blockchain data**: Raw block data from the Ronin network including block timestamps, block numbers, gas usage, uncle blocks, and base fee information
- **Block metadata**: Timestamp and sequential number for each block produced on the Ronin network

## 3. Step-by-step calculation

### Component A: Block data extraction
- **Purpose**: Retrieve essential block information for time interval calculations
- **Logic**: Extract `timestamp` and `number` fields from Ronin blockchain block data. Filter out the genesis block by excluding blocks where `number` equals 0, since the genesis block has a timestamp at the start of Unix time which would skew calculations
- **Key fields**: `timestamp` (when the block was mined), `number` (sequential block identifier)

### Component B: Consecutive block pairing
- **Purpose**: Pair each block with its immediately preceding block to enable time interval calculation
- **Logic**: Use a window function to associate each block with the timestamp of the previous block in the sequence. Blocks are ordered by their `number` field in ascending order, and the LAG function retrieves the timestamp of the preceding block
- **Key fields**: `timestamp` (current block timestamp), `previous_timestamp` (timestamp of the immediately preceding block), `number` (block identifier)

### Component C: Block time interval calculation
- **Purpose**: Calculate the actual time difference between consecutive blocks
- **Logic**: For each block pair, compute the millisecond difference between the current block timestamp and the previous block timestamp. Exclude the first block in the sequence since it has no preceding block for comparison
- **Key fields**: `block_time` (time difference in milliseconds), `timestamp` (truncated to day for aggregation)

### Final aggregation
- **Combining components**: Block time intervals are grouped by day using timestamp truncation to day granularity
- **Time aggregation**: Calculate the average of all `block_time` values within each day to produce a daily average block time
- **Metadata addition**: Include standardized fields: `chain_id` as 'ronin', `market_sector_id` as 'blockchains_l1', `business_segment_id` as 'blockchain', and `timestamp_grain` as 'day'
- **Final calculation**: The metric represents the average millisecond interval between consecutive blocks for each day on the Ronin blockchain, processed through a finalization macro that applies standardized formatting and fill strategies for missing data

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

avg(block_timestamp - previous_block_timestamp)

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Block time

Block time

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