Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

ETH

ETH/USDT

$2,489.89

+0.55%

$2,489.89

+0.55%

(24s)

24h Volume

$7,859,943,610.09

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.2%

Long: 56.2%Short: 43.8%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,495.18

▲ 0.60%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,564.88

Resistance 1$2,501.12

Price$2,495.18

Support 1$2,449.71

Support 2$2,371.89

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):64.8

Cointelegraph Staff

(02:46 PM UTC)

1 min read

Verified byDavid Kim

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Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have announced migrations to Chainlink infrastructure in recent days, citing security concerns around third-party oracle and bridge providers.

On Thursday, Bitcoin DeFi platform Solv Protocol announced it would migrate…