Three decentralized finance (DeFi) protocols managing nearly $1 billion in combined assets have moved or are actively moving their cross-chain infrastructure from Layerzero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), highlighting a broader push toward different bridging standards.
Solv Protocol Migrates $700M Tokenized Bitcoin
Solv Protocol announced this week that it is migrating its entire tokenized bitcoin portfolio, including SolvBTC and xSolvBTC, from Layerzero to Chainlink CCIP. The move covers roughly $700 million in assets and affects bridge deployments on Corn, Berachain, Rootstock, and TAC networks. Layerzero support on those chains is being deprecated as the migration proceeds in phases. “After an extensive security review, Solv is deprecating its Layerzero bridges and migrating to the most secure cross-chain solution in the industry,” the team stated.
Re Selects CCIP as Exclusive Cross-Chain Infrastructure
Re (re.xyz), an onchain reinsurance protocol, made a similar call. The team selected Chainlink CCIP as the exclusive cross-chain infrastructure for reUSD, its yield-bearing stablecoin with more than $160 million in market cap. Re cited CCIP’s redundant validation by 16 or more independent node operators, native rate-limit circuit breakers, and SOC 2 Type 2 compliance as the deciding factors. Protocol TVL stands above $475 million.
Catalyst: KelpDAO's $292 Million Exploit
Both decisions follow an April 18, 2026, exploit that drained approximately 116,500 rsETH, worth roughly $292 million at the time, from a Layerzero-powered bridge used by KelpDAO. Attackers reportedly used the stolen assets as collateral on Aave v3. KelpDAO attributed the breach to a 1-of-1 verifier configuration within Layerzero’s infrastructure, which created a single point of failure. Layerzero disputed that framing, stating KelpDAO had manually selected a non-recommended single-verifier model against Layerzero’s own guidance. The public dispute drew renewed scrutiny to how Layerzero’s Omnichain Fungible Token standard handles verifier setup.
Why Chainlink CCIP?
Chainlink CCIP uses a different model: each bridge lane relies on multiple independent Decentralized Oracle Networks with 16 or more security-reviewed node operators. Separate codebases manage execution and risk, and built-in rate limits act as circuit breakers if anomalous transfer volumes appear. Solv noted that CCIP had already been part of its collateral verification stack, making the migration a consolidation rather than a full replacement. Re described the switch as an obvious upgrade given what it called Chainlink’s foundational role in its existing infrastructure.
Broader Industry Impact
Huma Finance, a PayFi network, also selected CCIP as the exclusive bridge for its PST yield product, though not migrating from an active Layerzero deployment. Chainlink founder Sergey Nazarov remarked on X: “Glad to see all the hard work that Chainlink has put into generating real security is being recognized as valuable by more and more teams in our industry. It seems that focusing on making the secure and reliable solution is what wins in an industry where securing value is a key feature of everyone’s product.” The combined scale of these shifts—nearly $1 billion when counting Solv and KelpDAO alone—has strengthened Chainlink’s position as a preferred cross-chain standard for protocols managing institutional-grade or high-value assets.