Re, a reinsurance protocol with over $475 million locked, is moving its cross-chain operations from LayerZero to Chainlink's CCIP to enhance security. This change affects its reUSD token, valued above $160 million, ensuring safer transfers across blockchains using Chainlink's decentralized infrastructure. The decision follows recent security issues with LayerZero and reflects a broader industry trend favoring Chainlink for secure multi-chain operations. Re prioritizes security and auditability over speed, aiming for institutional-grade resilience in its cross-chain activities.
LayerZero (ZRO) dropped 15.58% in 24 hours, underperforming Bitcoin and most altcoins as market sentiment turned risk-off. The token broke below a critical $1.098 support, entering a bearish downtrend with potential to fall further toward $0.80. Desp...
LayerZero (ZRO) experienced a 29% rise in Open Interest and a 132% surge in daily trading volume, pushing its price to a local peak of $1.308 before dropping 12% within 12 hours. Despite this bullish breakout past the $1.16-$1.18 resistance zone, the...
