- Ronin Validators chose Chainlink’s CCIP to enhance the security of assets bridged on the Ronin Network after a competitive vote.
- Ronin’s community showed strong support, with over 224 million RON tokens staked by 285,083 unique delegators, highlighting its ecosystem’s trust.
The Ronin Validator community has taken a huge step forward by deciding to adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the network’s canonical cross-chain architecture.
Underscoring the network’s commitment to raise its general dependability, this choice is meant to increase the security of assets connected to Ronin. Notable partners, including Layer Zero and Axelar, who participated in the distributed selection process, were part of the rigorous and cooperative process leading up to this integration.
.@Ronin_Network is adopting Chainlink CCIP as its canonical cross-chain infrastructure.https://t.co/brdI1RyNvO pic.twitter.com/RA7uoAXOJk
— Chainlink (@chainlink) November 1, 2024
Ronin Moves Towards a Stronger Bridge Solution
Ronin started a necessary process back in August by asking two outside companies to audit the Ronin Bridge. A clear goal motivated this action: to increase the security and accessibility of the ecosystem.
These audits highlighted the need for a strong and established bridge solution, which led Ronin to start in September a thorough, three-phase request-for-proposal (RFP) process. Three possible providers—Layer Zero, Axelar, and Chainlink CCIP—made up this RFP.
Following extensive review and a tough voting procedure, October saw the last choice decided. With 10 votes, Chainlink CCIP locked the majority, Layer Zero trailed with 3 votes, and Axelar earned none. For Ronin, this result signaled a turning point since it underlined the need for Chainlink’s solution in enhancing the infrastructure of the network.
The shift to Chainlink’s CCIP is planned with the community in mind, guaranteeing little disturbance. Users of the network should be relieved that current Ronin tokens will not need any manual migration actions, therefore streamlining the procedure for token holders.
According to the migration strategy, all assets linked via the present Ronin bridge will move to using CCIP for native cross-chain transfers. This support will first cover moves between Ethereum and the Ronin Network; full migration is planned to finish in two to three months.
Complementing Ronin’s remarkable ecosystem development, CNF earlier reported the great community involvement with over 224 million RON tokens staked by 285,083 unique delegates.
This large share indicates the faith of the community for the future of the network. With 772,278 active members and highlighting the network’s central importance in the growing Web3 gaming environment, Pixels Online has also become a significant actor on the Ronin Network.
Meanwhile, with a daily trading volume of $8.35 million, the native token RON was trading at the time of writing at about $1.32, a 3.92% drop over the last 24 hours.
