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

BTC

BTC/USDT

$77,658.89

+7.90%

$77,658.89

+7.90%

(24s)

24h Volume

$48,405,510,364.52

24h H/L

$79,500.00 / $71,132.00

Change: $8,368.00 (11.76%)

Long/Short

51.5%

Long: 51.5%Short: 48.5%

Funding Rate

+0.0064%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$77,038.15

▲ 5.49%

Volume (24h): -

Resistance Levels

Resistance 3$88,643.57

Resistance 2$82,048.13

Resistance 1$78,313.77

Price$77,038.15

Support 1$76,859.07

Support 2$74,649.36

Support 3$70,212.56

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):84.9

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…