Over $7.2 billion have migrated from LayerZero to Chainlink CCIP as Mantle joins exodus
CoinDesk7/9/2026Updated 7/9/2026
Smart Read
Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets....
Key takeaways
- 1Over $7.2 billion migrated from LayerZero to Chainlink CCIP since May, with Mantle's $2.5 billion Super Portal joining the exodus.
- 2Mantle migration from LayerZero OFT to Chainlink CCT standard scheduled July 9-15 enables MNT transfers across Ethereum, Solana, and future networks.
- 3Migration wave triggered by $292 million Kelp bridge exploit in 2026, raising security concerns about LayerZero-powered bridge configurations.
Coins in this story
Why it matters
Bridge security directly impacts Indian retail investors holding cross-chain assets; major institutional shifts to Chainlink CCIP signal that decentralized oracle networks are becoming the security standard for managing crypto across blockchains, reducing counterparty risks.
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