The $700 million migration: Why Solv Protocol is ditching LayerZero for Chainlink

Solv Protocol is migrating over $700 million of its tokenized bitcoin assets, including SolvBTC and xSolvBTC, to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This decision follows an updated security review and recent cross-chain hacks, leading Solv to deprecate LayerZero bridge support across multiple networks. The move by Solv, alongside Kelp DAO's similar shift from LayerZero to Chainlink after a significant exploit, highlights an industry trend of "flight to quality" in cross-chain infrastructure. Chainlink's CCIP is being favored for its perceived security and decentralization, contrasting with disputes between Kelp and LayerZero over an exploit that involved verifier configurations. Together, Solv and Kelp represent over $2 billion in assets moving to Chainlink's infrastructure, signaling a growing preference for more robust solutions in the face of systemic failures.

(Source：CoinDesk)