WBTC Migration Pushes LayerZero-to-Chainlink Transfers Close to $15 Billion

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BitGo's decision to migrate its Wrapped Bitcoin (WBTC) has significantly boosted the total value of assets moving from LayerZero to Chainlink's cross-chain infrastructure. The cumulative announced migrations have now reached approximately $14.5 billion, nearing the $15 billion mark. The migration wave was partly triggered by a $292 million exploit involving the Kelp bridge protocol. Multiple projects have since announced plans to shift their cross-chain operations from LayerZero to Chainlink in the wake of the incident.

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