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via CoinDesk · By CoinDesk Staff
The $700 million migration: Why Solv Protocol is ditching LayerZero for Chainlink
BTC
BTC/USDT
$65,378.01
+1.49%
$65,378.01
+1.49%
(24s)24h Volume
$6,252,250,129.66
24h H/L
$65,502.60 / $64,293.81
Change: $1,208.79 (1.88%)
Long/Short
63.0%
Long: 63.0%Short: 37.0%
Funding Rate
+0.0031%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(02:59 PM UTC)
1 min read
860 views
0 commentsThe combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality."
Solv Protocol has said it’s moving more than $700 million of tokenized bitcoin BTC$80,172.67 assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and deprecating LayerZero bridge support across Corn, Berachain, Rootstock and TAC.
The migration…
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