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

The combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality." What to know : Solv Protocol is moving $700M in tokenized bitcoin (SolvBTC, xSolvBTC) from the LayerZero bridge to Chainlink's CCIP following a security review and recent cross-chain hacks. This follows Kelp DAO's shift after a $292M exploit on its LayerZero bridge. LayerZero and Kelp are blaming each other over the bridge's single-verifier setup. The combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality."