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via The Block · By The Block Editorial

Solv Protocol drops LayerZero in favor of Chainlink for $700 million tokenized bitcoin

ZRO

ZRO/USDT

$0.8490
+0.12%
24h Volume

$7,973,703.06

24h H/L

$0.8710 / $0.8390

Change: $0.0320 (3.81%)

Funding Rate

+0.0047%

Longs pay

Data provided by COINOTAG DATALive data
ZRO
ZRO
Daily

$0.8450

-1.74%

Volume (24h): -

Resistance Levels
Resistance 3$1.0013
Resistance 2$0.9014
Resistance 1$0.8560
Price$0.8450
Support 1$0.8145
Support 2$0.7560
Support 3$0.3709
Pivot (PP):$0.8560
Trend:Downtrend
RSI (14):48.0
TB
The Block Editorial
(02:17 AM UTC)
1 min read
DK
Verified byDavid Kim
828 views
0 comments

Bitcoin-centric DeFi platform Solv Protocol announced that it will migrate to Chainlink from LayerZero, following a major security incident involving the latter.

In a Thursday post, Solv Protocol wrote it will phase out LayerZero's bridging support for SolvBTC and xSolvBTC with Corn, Berachain, Rootstock, and TAC. Instead, Solv designated Chainlink's CCIP as its official cross-chain…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

The Block Editorial · The Block

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