Chainlink Network Activity Surges to 8-Month High as CCIP Wins DeFi Migration
BeInCrypto
Chainlink's network activity hit an eight-month high as multiple DeFi protocols migrated from LayerZero to its CCIP infrastructure.Summary
Chainlink (LINK) has experienced a significant surge in network activity, reaching levels not seen in eight months. According to Santiment, this spike is driven by genuine protocol usage following a major migration of decentralized finance (DeFi) platforms from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The shift was prompted by security concerns after a $292 million exploit involving LayerZero-powered infrastructure, leading projects like Kelp DAO and Solv Protocol to adopt CCIP. Analysts suggest that this increased utility, combined with substantial whale accumulation and large withdrawals from centralized exchanges, indicates strong investor demand and healthy long-term growth potential.
(Source：BeInCrypto)