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via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$62,854.00

-0.45%

$62,854.00

-0.45%

(24s)

24h Volume

$3,687,272,510.15

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.4%

Long: 69.4%Short: 30.6%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,868.20

▼ -0.35%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$62,868.20

Support 1$61,814.38

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):41.8

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…

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