Rings Network appears to significantly contribute to the Ethereum network’s infrastructure by creating a chain-agnostic, peer-to-peer network that enhances communication layers for Web3. This aligns well with foundational needs for data channel efficiency and innovative approaches for decentralized asset and identity transfer.

The project demonstrates a focus on pioneering development through its use of WebAssembly for decentralized distribution and the implementation of zkSNARK protocols which are aimed at enhancing privacy, reducing cost, and increasing decentralization, thus benefiting the Ethereum ecosystem's privacy and interoperability aspects.