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via Decrypt · By Decrypt Editorial

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

BTC

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$61,307.39

-2.29%

$61,307.39

-2.29%

(24s)

24h Volume

$30,287,061,410.81

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

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Long: 67.8%Short: 32.1%

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Longs pay

Data provided by COINOTAG DATALive data

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Volume (24h): -

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Resistance 2$63,339.48

Resistance 1$61,871.62

Price$61,280.09

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Trend:Downtrend

RSI (14):34.2

Decrypt Editorial

(10:31 PM UTC)

1 min read

Reviewed byJames Mitchell

844 views

0 comments

In brief

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…

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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Decrypt Editorial · Decrypt

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