Chainlink CCIP Gains $3B After KelpDAO Exploit
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Following a $292 million exploit at KelpDAO, four major DeFi protocols—KelpDAO, Solv Protocol, Re, and Tydro—have migrated their cross-chain infrastructure to Chainlink's Cross-Chain Interoperability Protocol (CCIP), moving over $3 billion in total value locked. This mass exodus from LayerZero underscores growing concerns over bridge security, as the industry seeks more robust and proven solutions. Chainlink's emergence as a "winner" highlights its reliability in the wake of high-profile exploits, potentially strengthening its position in the cross-chain ecosystem.
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