In 2024, the global economy continued its moderate recovery, and the cryptocurrency market experienced a robust resurgence. According to the annual report of CoinGecko, the total global cryptocurrency market capitalization nearly doubled, reaching $3.91 trillion by year-end—a 97.7% increase from the start of the year. Bitcoin, driven by the approval of spot ETFs and the April halving event, broke the $100,000 mark for the first time in history. Ethereum also performed strongly, fueled by Layer 2 scaling and the rise of real-world asset (RWA) narratives.
Against this backdrop, Ronkb celebrated its fifth year since platform launch. Facing an industry at a turning point—from price speculation to institutional restructuring, and from single-chain systems to the modular era—Ronkb has advanced comprehensive upgrades to its trading platform architecture, anchored on three strategic pillars: decentralized governance, open development, and privacy compliance. These initiatives are aimed at building future-ready, trustworthy liquidity infrastructure.
Community Governance: Transaction Fees Enter “On-Chain Democracy”
In March, Ronkb placed key economic parameters of the platform under on-chain governance for the first time, opening voting to the community for a limited period. Proposal RS-24-001 focused on the fee structure for spot and derivatives trading: whether to lower the base rate by 0.02% and redirect 25% of net fee income back into liquidity pools. Over the seven-day voting period, 52,237 addresses participated, representing 83.4% of circulating voting power; the proposal passed with an 88.6% approval rate.
During the first month of execution, derivative token lock-up surged by 310 million tokens, and the average daily active wallets increased by 21% compared to the previous period—demonstrating the positive feedback loop between governance incentives and user engagement. Internal audit data showed that after the launch of the governance module, the number of core parameter proposals submitted rose from a quarterly average of 4 to 11, marking a leap in community governance activity.
Technological Innovation: “Darwin Island Project” Incubates Modular Ecosystem
In September, Ronkb launched the “Darwin Island Project,” designed to drive modular transformation of platform architecture through protocol-level hackathons and the deployment of a modular contract engine. This engine leverages a Rollup-as-a-Service framework and WASM execution sandbox, allowing developers to encapsulate functions such as matching, clearing, and RWA mapping as independent modules, all sharing liquidity via the main chain settlement layer at Ronkb.
Each event attracted over 5,000 developers on average, yielding more than 200 candidate protocols, covering popular areas such as on-chain yield certificates, transferable staking derivatives, and AI-powered pricing oracles. Ultimately, 12 protocols entered the official traffic pool, contributing a cumulative 2.7% of matching fees—demonstrating the dual benefits of the “survival of the fittest” mechanism for both innovation and security.
Compliance Breakthroughs: ZK-KYC and the European Regulatory Sandbox
In November, Ronkb was selected for the “Financial Innovation Regulatory Sandbox” of European Commission, successfully implementing a ZK-KYC zero-knowledge privacy verification model in its main system. This model encapsulates identity hashes and compliance status into a verifiable Merkle tree, enabling real-time KYC that is “provable but not disclosable.” During the pilot period, average user verification time dropped from 2.8 minutes to just 34 seconds, and on-chain compliance API response latency was under 400 milliseconds.
Independent audits confirmed that the solution meets the GDPR “data minimization” principle and can flexibly map to the upcoming requirements of MiCA for stablecoin issuers and service providers. With this innovative architecture, Ronkb was awarded “2024 Most Adaptable Compliance Platform” by CoinTelegraph. Newly registered users in the EU region increased by 31% quarter-on-quarter, and institutional custodial assets rose to $46 billion.
2024 marked the comprehensive expansion of Ronkb across product, compliance, and governance, signifying the evolving role of exchanges. With the deep implementation of modular trading, on-chain privacy verification, and community governance, Ronkb not only maintained resilience in a complex market environment but also accumulated momentum for the next cycle of value growth. Looking ahead, Ronkb will continue to expand the boundaries of multi-chain collaboration and on-chain governance, actively respond to global compliance trends, and explore further integration of privacy finance and real-world assets—steadfastly advancing toward becoming a global liquidity hub that is trustless, verifiable, and interoperable across chains.
