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Home»Blockchain»Chainlink CCIP increases interoperability on Ronin
Blockchain

Chainlink CCIP increases interoperability on Ronin

2024-12-14No Comments4 Mins Read
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The Ronin Network, a prominent Web3 gaming ecosystem, has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure. This monumental upgrade marks a critical step in Ronin’s evolution and lays the foundation for improved security, broader accessibility and future growth.

#Chainlink CCIP is now officially live on @Ronin_Network, a leading Web3 gaming ecosystem, as the network’s canonical cross-chain infrastructure.

As voted by the Ronin community during a competitive bridge selection process, all assets bridged through Ronin Bridge will now migrate to CCIP. https://t.co/zWeP4UQEwU pic.twitter.com/FjGxmx3rUa

— Chainlink (@chainlink) December 11, 2024

After a rigorous bridge selection process, the Ronin community voted in favor of Chainlink CCIP to power the Ronin Bridge. As part of this transition, all assets currently bridged over the old Ronin Bridge will migrate to CCIP. This migration is expected to be fully implemented by January 2025.

CCIP is now operational for bridging assets between Ronin, Ethereum and Base ecosystems, creating new bridge lines that unlock expanded functionality for developers and users.

Chainlink, a trusted partner of Ronin since 2019, has already played a crucial role in providing decentralized data feeds for the app. axie platform. With CCIP, Ronin’s cross-chain infrastructure receives a substantial security upgrade, providing features such as deep security to ensure robust protection for cross-chain operations. Secure token transfers and random messaging improve the network’s ability to move assets and communicate seamlessly between cross-chain decentralized applications (dApps).

The infrastructure also introduces programmable token transfers, enabling advanced use cases with customizable transfer features. With a future-proof and scalable design, the network is well prepared to adapt to the changing demands of the ecosystem. These improvements significantly improve the reliability and versatility of Ronin’s network, promoting a secure environment for both builders and users.

See also  Chainlink opens DECO Sandbox for privacy-oriented data verification in the financial world

Bridge Lanes, migration and digital growth on Ronin

The integration of CCIP opens up critical connectivity to Ethereum and Base ecosystems. The Ronin to Ethereum Bridge Lane acts as a gateway to Ethereum’s extensive ecosystem and unlocks new opportunities for decentralized finance (DeFi) within the Ronin network. Meanwhile, the Ronin to Base Bridge Lane connects Ronin to Base, Ethereum’s leading Layer 2 solution based on total value locked. This job provides access to millions of Coinbase users and a wide range of consumer applications.

These connections create unprecedented opportunities for interoperability, allowing users to seamlessly move assets and participate in ecosystems beyond Ronin. The transition to CCIP is currently underway and major milestones are expected in the coming months. By January 2025, CCIP will completely replace all functionalities of the Ronin Bridge. Currently, the LINK token can already be transferred between Ronin and Ethereum using CCIP. Until the full migration in January 2025, other ERC-20 and ERC-721 tokens will continue to use the old Ronin bridge.

Once the migration is complete, CCIP will become the primary cross-chain infrastructure for asset transfers between Ronin, Ethereum and Base. This positions Ronin as a future-proof network, capable of embracing new use cases in gaming, DeFi and other decentralized applications.

Now that Chainlink CCIP is live, Ronin is entering a transformative phase that invites developers from all industries to join the ecosystem. Builders can leverage the network’s robust cross-chain capabilities to create games, DeFi protocols, and innovative decentralized applications. The seamless connectivity that CCIP provides is expected to drive the next wave of growth and innovation within the Ronin ecosystem.

See also  Bitcoin Rollups: The Rock or the Hard Place?

The Ronin team remains committed to expanding bridge lanes to additional chains, further improving interoperability and accessibility. This launch marks the beginning of a new era for the Ronin Network and its growing community of builders and users. As the migration continues and new features are unlocked, Ronin is poised to cement its status as a leader in the Web3 gaming and DeFi space. The possibilities for innovation and collaboration are limitless.



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