Key Notes
- Ronin Bridge has finalized its migration to Chainlink’s CCIP in April 2025.
- Over $450 million in tokens have been moved from the legacy bridge.
- Ronin Bridge now gives enhanced cross-chain performance and safety.
The long-awaited migration from the outdated Ronin Bridge to the Chainlink Cross-Chain Interoperability Protocol (CCIP) has now been accomplished.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 improvement will deliver 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 akin to 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, by which Chainlink was picked as the brand new bridge resolution. Out of 13 votes, Chainlink obtained 10, whereas LayerZero obtained 3, and Axelar didn’t obtain any. The outcome confirmed sturdy assist for Chainlink over the opposite choices.
Based on the replace, a brand new sensible contract has additionally been launched for WBTC transfers. Anybody holding WBTC below the outdated contract can swap to the newest model at a 1:1 charge. There isn’t a set deadline for this swap. Customers who usually are not at present holding WBTC don’t must take any motion.
It’s value 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 threat administration community retains a watch on exercise throughout chains.
This construction is supposed to cut back dangers related to older bridging strategies, which have confronted exploits up to now. The brand new system is already stay, and all options are totally operational.
In keeping with the current improve, Coinspeaker famous earlier that the Tama Meme launchpad was not too long ago 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 Section
This improve marks a turning level for the Ronin community. Though the legacy bridge has been faraway from use, the outdated 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 variation helps its long-term plan to construct a safer and accessible community for gaming and decentralized functions.
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 boundaries when constructing and shifting belongings throughout networks.
It is very important add that extra tokens and chains are anticipated to affix the system quickly. Concerning 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 immediately.
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 circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices primarily based on this content material.
Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the actual life functions of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His need to coach folks about cryptocurrencies evokes his contributions to famend blockchain media and websites.
