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.
Cryptocurrency markets are experiencing significant gains, with Bitcoin reaching approximately $69,183, up 7.9%, and Ethereum surging 19.3% to $2,259.15. Other notable increases include Ripple (XRP) up 12.7%, Solana (SOL) up 12.5%, and Binance Coin (...
Nethermind has transitioned its cross-chain infrastructure from LayerZero to Chainlink after a thorough evaluation, becoming a Chainlink node operator supporting CCIP and Data Feeds. This move enhances Chainlink's cross-chain capabilities amid growin...
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)...
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 Cro...
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...
