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via CoinDesk · By CoinDesk Staff

The $700 million migration: Why Solv Protocol is ditching LayerZero for Chainlink

BTC

BTC/USDT

$59,553.14

-2.02%

$59,553.14

-2.02%

(24s)

24h Volume

$29,354,558,030.03

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.6%

Long: 71.6%Short: 28.4%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,468.42

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$62,909.86

Resistance 2$61,582.21

Resistance 1$59,848.61

Price$59,468.42

Support 1$59,453.63

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,848.61

Trend:Downtrend

RSI (14):29.9

CoinDesk Staff

(02:59 PM UTC)

1 min read

Verified byEmily Watson

860 views

0 comments

The 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…

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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CoinDesk Staff · CoinDesk

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