Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$79,956.00

+0.29%

$79,956.00

+0.29%

(24s)

24h Volume

$6,970,863,263.18

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0027%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,812.01

▼ -0.02%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$80,157.58

Price$79,812.01

Support 1$79,635.96

Support 2$77,523.79

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

CoinDesk Staff

(02:59 PM UTC)

1 min read

Verified byEmily Watson

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments