Ronin Bridge Completes Migration to Chainlink CCIP with $450 Million in Tokens
The migration from the Ronin Bridge to Chainlink's Cross-Chain Interoperability Protocol (CCIP) is complete. All supported tokens are now operational on this new system, enhancing security and cross-chain functionality.
Key Points
- Over $450 million in tokens migrated to Chainlink CCIP.
- Supported assets include AXS, USDC, SLP, WETH, WBTC, PIXEL, YGG, ANIMA, and LUA.
- Migration followed a validator vote where Chainlink received 10 out of 13 votes for the new bridge solution.
- A new smart contract for WBTC transfers allows users to swap at a 1:1 rate without a deadline.
- Chainlink’s security framework reduces risks associated with previous bridging methods.
- The Tama Meme launchpad recently launched on the Ronin network, creating 7,826 tokens shortly after its release.
- More tokens and chains are expected to join the system soon.
- Ron governance token (RON) is trading at $0.5609, up 1.72%.