Nethermind has ceased its role as a decentralized verifier network operator within LayerZero and joined Chainlink as a node operator and technology provider after an extensive review. The move aligns Nethermind's cross-chain work with Chainlink's Cross-Chain Interoperability Protocol (CCIP), emphasizing long-term infrastructure reliability. This transition follows recent security concerns around LayerZero, including a major $292 million rsETH attack on a LayerZero-powered bridge. Nethermind did not disclose financial terms or a migration timeline but will provide updates as the process continues, joining other major projects like BitGo and Wyoming in adopting Chainlink for cross-chain operations.
Nethermind, a key Ethereum execution client provider running about 25-30% of Ethereum nodes, has partnered with Chainlink as a node operator and development partner. This collaboration supports Chainlink’s Cross-Chain Interoperability Protocol (CCIP)...
The Wyoming Stable Token Commission has migrated the Frontier Stable Token (FRNT) from LayerZero to Chainlink to enhance security and cross-chain interoperability. Since April, about $15 billion in assets have moved from LayerZero to Chainlink. Wyomi...
Chainlink (LINK) is trading near $9.49, up 1.31% in 24 hours, and currently forming a bullish pennant pattern, which suggests a pause in buying after a rally with controlled selling pressure. Analyst Quinten highlights that a confirmed breakout above...
Bitcoin's price remains stable around $64,261 with minimal gains, while whale wallets and exchange outflows indicate accumulation rather than selling. Miner reserves are steady, supporting a neutral to positive market outlook despite limited price mo...
Chainlink (LINK) has risen to $9.64, its highest since May 27, driven by a 15.1% weekly gain and strong whale accumulation with unique holders reaching a record 3.96 million. Despite trading 81.89% below its 2021 peak, analysts see LINK at a generati...
