BitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus
The Block·
60-second summary
BitGo is moving $7.4 billion Wrapped Bitcoins to Chainlink CCIP in a significant migration from LayerZero, pushing the total value near $15 billion. This move represents the largest shift yet, with WBTC accounting for the majority of the transfer. The increased liquidity will likely boost Chainlink's utility, potentially driving adoption and price stability in the DeFi market.
The move pushes the total value migrating from LayerZero to Chainlink near $15 billion, with WBTC representing the largest shift yet.