Key Notes
- Ronin Bridge has finalized its migration to Chainlink’s CCIP in April 2025.
- Over $450 million in tokens had been moved from the legacy bridge.
- Ronin Bridge now gives enhanced cross-chain performance and safety.
The long-awaited migration from the previous Ronin Bridge to the Chainlink Cross-Chain Interoperability Protocol (CCIP) has now been accomplished. As detailed, all supported tokens are formally working on the brand new system. Notably, this newest growth will carry a brand new stage of safety and cross-chain performance to the Ronin community.
All Tokens Moved to Chainlink CCIP
Based on the Ronin update for the community, over $450 million in tokens beforehand held on the legacy Ronin Bridge have been efficiently migrated to Chainlink’s CCIP.
Based on the replace, the brand new system now helps belongings reminiscent of AXS, USDC, SLP, WETH, WBTC, PIXEL, YGG, ANIMA, and LUA. Customers also can switch tokens to and from Ronin by way of the up to date Ronin Bridge app, which operates solely on Chainlink’s infrastructure.
The migration was accomplished this month. It adopted a validator vote held in October 2024, during which Chainlink was picked as the brand new bridge answer. Out of 13 votes, Chainlink acquired 10, whereas LayerZero acquired 3, and Axelar didn’t obtain any. The outcome confirmed sturdy help for Chainlink over the opposite choices.
Based on the replace, a brand new good contract has additionally been launched for WBTC transfers. Anybody holding WBTC beneath the previous contract can swap to the newest model at a 1:1 price. There is no such thing as a set deadline for this swap. Customers who should not at present holding WBTC don’t have to take any motion.
It’s price noting that the migration additionally means Ronin now advantages from Chainlink’s safety framework. The CCIP system is supported by decentralized oracle networks, which examine and confirm every transaction. As well as, an unbiased danger administration community retains an eye fixed on exercise throughout chains.
This construction is supposed to cut back dangers related to older bridging strategies, which have confronted exploits previously. The brand new system is already dwell, and all options are absolutely operational.
Consistent with the latest improve, Coinspeaker famous earlier that the Tama Meme launchpad was lately launched on the Ronin network. Based on the report, inside days of its launch, the launchpad facilitated the creation of seven,826 tokens.
Ronin Prepares for Subsequent Part
This improve marks a turning level for the Ronin community. Though the legacy bridge has been faraway from use, the previous tab nonetheless seems on the interface to assist a small group of customers full earlier withdrawals.
Based on Sky Mavis, the corporate behind Ronin, this alteration helps its long-term plan to construct a safer and accessible community for gaming and decentralized purposes.
Chainlink Labs described the migration as a step towards safer cross-chain motion of digital belongings. With the Ronin Bridge now operating on CCIP, builders and customers have extra instruments and fewer obstacles when constructing and transferring belongings throughout networks.
It is very important add that extra tokens and chains are anticipated to hitch the system quickly. Relating to tokens, PayPal now supports Solana
SOL
$153.1
24h volatility:
2.3%
Market cap:
$79.20 B
Vol. 24h:
$5.09 B
and Chainlink
LINK
$15.20
24h volatility:
2.0%
Market cap:
$9.99 B
Vol. 24h:
$537.41 M
within the US, permitting customers to purchase, promote, and maintain these belongings instantly.
As of this writing, CoinMarketCap data exhibits that the Ronin governance community token (RON) is at present buying and selling at $0.5609, up 1.72%.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the true life purposes of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His want to teach folks about cryptocurrencies conjures up his contributions to famend blockchain media and websites.
