Solv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Chainlink

BTC

BTC/USDT

$85,221.94

+1.99%

$85,221.94

+1.99%

(24s)

24h Volume

$19,425,495,942.69

24h H/L

$85,222.00 / $83,346.66

Change: $1,875.34 (2.25%)

Long/Short

56.9%

Long: 56.9%Short: 43.1%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,562.97

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$99,648.20

Resistance 2$94,549.91

Resistance 1$85,369.74

Price$84,562.97

Support 1$84,364.01

Support 2$81,128.61

Support 3$77,001.87

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):65.8

Decrypt Editorial

(10:31 PM UTC)

1 min read

Solv Protocol is migrating more than $700 million in tokenized Bitcoin infrastructure from LayerZero to Chainlink CCIP.
The move follows the $292 million KelpDAO exploit tied to LayerZero-powered bridge infrastructure.
The migration adds to growing scrutiny around cross-chain bridge security in DeFi.

Another crypto project is leaving blockchain interoperability protocol LayerZero after…