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Chainlink CCIP gains over $2.5 billion in TVL from protocols migrating from LayerZero, with Kraken Bitcoin the latest to join

The Block·
Chainlink CCIP gains over $2.5 billion in TVL from protocols migrating from LayerZero, with Kraken Bitcoin the latest to join
AI Analysis

Chainlink's CCIP has successfully attracted over $2.5 billion in total value locked as several protocols, including Kraken Bitcoin, migrate from LayerZero following security concerns. This trend indicates a growing confidence in Chainlink's cross-chain technology amidst recent vulnerabilities in competing solutions.

Key Topics

ChainlinkCCIPLayerZeroKraken Bitcoin

Originally reported by The Block. Read the full article ↗

Chainlink CCIP gains over $2.5 billion in TVL from protocols migrating from LayerZero, with Kraken Bitcoin the latest to join | AI Crypto Daily Wire