Chainlink CCIP gains over $2.5 billion in TVL from protocols migrating from LayerZero, with Kraken Bitcoin the latest to join
The Block·
60-second summary
Chainlink CCIP is rapidly gaining traction, surpassing $2.5 billion in total value locked (TVL) as protocols migrate from LayerZero following the Kelp DAO attack, which has led to at least four products deprecating their LayerZero cross-chain tech, with Kraken Bitcoin being the latest to join, seeking a more secure solution for cross-chain interactions and data transfer.
Kraken Bitcoin is at least the fourth product to deprecate its LayerZero cross-chain tech following the Kelp DAO attack.