Multiple protocols migrate from LayerZero to Chainlink CCIP, with total TVL exceeding $2 billion

robot
Abstract generation in progress

BlockBeats News, May 10, according to analyst Tom Wan, although LayerZero has issued an apology statement, multiple protocols with a combined TVL of about $2 billion have announced their migration to Chainlink CCIP, including KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million). Meanwhile, top assets that are still using the LayerZero OFT standard include: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo). The specific migration progress is still subject to announcements from the projects.

Previously, LayerZero officially apologized for poor communication in response to a security incident over the past nearly three weeks. The official statement acknowledged that its internal RPC was attacked by the Lazarus Group and admitted that it had mistakenly allowed LayerZero Labs DVN to serve as a 1/1 verification node for high-value transactions, resulting in a single point of risk.

ZRO-0.88%
LINK1.07%
USDE0.04%
WEETH-0.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin