Ronin, the blockchain for gaming, has migrated its Ronin Bridge to Chainlink’s cross-chain interoperability protocol.
The Ronin Community (RON), whose web3 gaming platform was created by the Sky Mavis staff behind Axie Infitnity (AXS) recreation, introduced the completion of the migration to Chainlink’s (LINK) Cross-Chain Interoperability Protocol on April 25.
CCIP is now the Ronin Bridge’s canonical cross-chain infrastructure supplier. The milestone comes a couple of months after a validator group vote in October 2024 noticed the platform choose Chainlink over LayerZero and Axelar.
As of the announcement, Chainlink helps to safe over $450 million price of property on Ronin.
Commenting on the event, Trung Nguyen, chief govt officer and co-founder of Sky Mavis, stated:
“Migrating to Chainlink CCIP is a significant unlock for Ronin as we scale into probably the most accessible and safe gaming and client chain in Web3. Builders get cross-chain infrastructure to construct quick and safe, whereas customers can simply bridge property throughout the multi-chain ecosystem, opening the door to the subsequent technology of video games and apps.”
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Ronin Bridge suffered a significant exploit in 2022 with hackers stealing over $600 million price of crypto. The platform paused transactions on the bridge in August 2024 amid suspicious $10 million withdrawal.
Adopting Chainlink CCIP is thus one of many efforts to extend the safety of bridged property. The platform additionally plans to faucet into different Chainlink options to enhance person expertise and adoption, together with gaining traction in decentralized finance.
With the migration, customers can now switch all supported tokens, includding AXS, YGG and BANANA in addition to USDC and Wrapped Bitcoin to and from Ronin. The transfers will probably be through Chainlink CCIP-powered Ronin Bridge app.
Regardless of the most recent transfer, the deprecated Ronin Bridge tab stays seen. Based on the Ronin Community staff, a lot of customers are but to say their tokens on Ethereum. These pending withdrawal requests are why the legacy bridge remains to be seen.
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