In October, leading web3 gaming ecosystem and EVM blockchain Ronin announced it would adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its canonical cross-chain infrastructure, after validators overwhelmingly voted for CCIP in a competitive three-phase selection process involving LayerZero and Axelar.
Today, CCIP went live on Ronin, opening the network’s bridge lanes to Ethereum and Base and initiating the migration of existing assets from Ronin’s legacy bridge to CCIP. An official announcement described the integration as the dawn of a new era for the world’s fastest growing blockchain gaming network.
CCIP is the industry standard for cross-chain digital asset and data transfer leveraged by leading blockchains, layer-2s, DeFi protocols, DEXs, and traditional financial institutions to unlock new use cases and markets for tokenized assets. The protocol leverages Chainlink’s battle-tested decentralized oracle network, which has enabled over $17 trillion in transaction value across 19+ blockchains, to achieve the highest level of cross-chain security.
Launched by Sky Mavis, the creator of 2021 breakthrough web3 game Axie Infinity, which has generated over $1 billion in revenue, Ronin has processed over $4 billion in NFT volume and is hyper-optimized to scale a single blockchain game to millions of daily active users with near-instant transactions and negligible fees.
In addition to reinforcing the existing portal between Ronin and Ethereum, CCIP opens a gateway to Base, the leading Ethereum layer-2 by TVL serving millions of Coinbase users around the world, and lays a foundation to establish new lanes to more chains in the future.
Users can now transfer LINK between Ethereum and Ronin via CCIP. Other ERC-20 and ERC-721 tokens will use Ronin’s legacy bridge to Ethereum until the end of January 2025, when CCIP will transfer all assets between Ronin and Ethereum, as well as Ronin and Base.
Read the complete CCIP asset migration plan in the Ronin Discord.