Kraken is not alone. Kelp DAO said it is also moving to Chainlink CCIP. It burned the hacker’s 117,132 rsETH this week as part of its recovery process.
Solv Protocol announced on May 7 that it would shift from LayerZero to CCIP. The move covers its $700 million in tokenized . A day later, on-chain reinsurance protocol Re said it would migrate its $475 million in total value locked to Chainlink.
More than $3 billion in TVL has moved to CCIP since the Kelp attack, according to MEXC. Several protocols have also paused bridging through LayerZero. Lido, the largest Ethereum liquid staking protocol, already uses CCIP.
Chainlink said its defense-in-depth model sets a standard for cross-chain interoperability. Kraken also said the partnership can expand utility and distribution for Kraken Wrapped Assets across DeFi.