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Solv switches to Chainlink CCIP to secure $700M in wrapped Bitcoin assets amid bridge hack concerns

Market News
08 May 2026
Crypto Briefing
View Source
Bullish
Solv switches to Chainlink CCIP to secure $700M in wrapped Bitcoin assets amid bridge hack concerns

Solv Protocol is migrating its cross-chain infrastructure from LayerZero to Chainlink CCIP to enhance security for over $700 million in wrapped Bitcoin assets. This move follows multiple bridge-related hacks in the crypto space, prompting Solv to prioritize stronger security and reduce systemic risk. Chainlink CCIP offers decentralized architecture and robust security guarantees, making it the default cross-chain communication layer for Solv's Bitcoin DeFi products. The transition also involves deprecating LayerZero support on several networks, reflecting a broader trend of DeFi protocols adopting Chainlink CCIP for institutional-grade security.

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Nine of ten major cryptos trade lower than a year ago, risking tax loss expiration in Germany.

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Top Swift provider Bottomline partners with Chainlink to enable blockchain payments for 600+ banks.

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Chainlink's LINK hits $13.64, highest since Jan 2026, amid strong DeFi growth and rising futures interest.

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Protocol Fundamentals
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Protocol Fundamentals
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Cryptocurrency prices show mixed movements with Bitcoin down 1.1% and notable gains in DOT and PUMP.

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Neutral
2 days ago
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