SShortSingh.
Back to feed

Over $7.2B Migrates from LayerZero to Chainlink CCIP as Mantle Joins

0
·45 views

More than $7.2 billion in assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), marking a significant shift in blockchain bridging infrastructure. Mantle is the latest platform to join the exodus, adding to a growing list of high-profile departures. Notable migrators include Kelp and Lombard, each transferring over $1 billion in assets to the new protocol. Other projects making the switch include Solv Protocol, Virtuals, Re, and Kraken's tokenized assets. The wave of migrations signals increasing industry confidence in Chainlink CCIP as a preferred cross-chain solution.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Kalshi CEO warns state-led oversight could force prediction markets out of US

Kalshi CEO Tarek Mansour commented on the ongoing legal dispute over the regulation of prediction markets in the United States. He expressed optimism about the eventual outcome of the legal proceedings. Mansour argued that if state-level authorities were to gain primary regulatory control, it could drive such markets out of the country. His remarks highlight the industry's concern over a potential patchwork of state regulations.

0
Crypto & Web3CoinDesk ·

U.S. Dominates AI Model Crypto Payments, Accounting for 88% of Tracked Spending

New research from Chainalysis reveals that wallets linked to the United States accounted for over 88% of tracked cryptocurrency payments to AI models. This spending drastically overshadows the share attributed to China, which stood at only 0.1%. The report highlights that AI agents have processed approximately 138 million crypto transactions. The data illustrates the significant dominance of U.S.-based entities in funding AI development through cryptocurrency.

0
Crypto & Web3CoinDesk ·

Analyst argues gold and bitcoin are complementary portfolio assets

A recent analysis suggests gold and bitcoin should be considered together for investment portfolios. The argument centers on their shared characteristics as non-sovereign stores of value. While both assets can hedge against traditional market risks, they respond differently to various economic conditions. This complementary behavior is posited to potentially improve overall portfolio diversification. The perspective was detailed in a column published by CoinDesk.