PI Global Investments
Bitcoin

Solv switches to Chainlink CCIP to secure $700M…


pluang ai news

Solv Protocol is migrating its cross-chain infrastructure from LayerZero to Chainlink CCIP to enhance security for over $700 million in wrapped Bitcoin assets. This move follows multiple bridge-related hacks in the crypto space, prompting Solv to prioritize stronger security and reduce systemic risk. Chainlink CCIP offers decentralized architecture and robust security guarantees, making it the default cross-chain communication layer for Solv’s Bitcoin DeFi products. The transition also involves deprecating LayerZero support on several networks, reflecting a broader trend of DeFi protocols adopting Chainlink CCIP for institutional-grade security.



Source link

Related posts

Solana’s RWA Market Explodes 600% in a Year as Ethereum Struggles to Keep Up

D.William

What Is Bitcoin? Bitcoin Whitepaper, Mining, And Use Cases

D.William

China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme

D.William

Leave a Comment