According to @bobbyong, Ronin RON, an L2 by Sky Mavis, has an approximate fully diluted valuation of $500M, source: @bobbyong on X, 2025-09-01. According to @bobbyong, Axie Infinity AXS, the flagship game token on Ronin, has an approximate fully diluted valuation of $660M, source: @bobbyong on X, 2025-09-01. According to @bobbyong, this places AXS at roughly 1.32 times RON’s FDV, quantifying a relative-value gap relevant to valuation-driven trading, source: @bobbyong on X, 2025-09-01. According to @bobbyong, the core question for traders is whether Axie is overpriced or Ronin is undervalued, with no additional catalysts or metrics provided, source: @bobbyong on X, 2025-09-01.