Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
CoinDesk·
60-second summary
Over $7.2 billion have migrated from LayerZero to Chainlink CCIP, with notable migrations including Kelp and Lombard, each bringing over $1 billion, as well as Solv Protocol, Virtuals, Re, and Kraken's tokenized assets. Mantle has also joined the exodus, contributing to the massive shift in favor of Chainlink's CCIP, impacting the decentralized finance market.
Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.