Solv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Chainlink – Decrypt

May 8, 2026 - 00:15
Solv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Chainlink – Decrypt
In brief Solv Protocol is migrating more than $700 million in tokenized Bitcoin infrastructure from LayerZero to Chainlink CCIP. The move follows the $292 million KelpDAO exploit tied to LayerZero-powered bridge infrastructure. The migration adds to growing scrutiny around cross-chain bridge security in DeFi. Another crypto project is leaving blockchain interoperability protocol LayerZero after the...

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