Guavy Logo
Back
Guavy AI Editorial Team••Sentiment: 3•Clout: 82

$7.24 Billion Migration to Chainlink CCIP Boosts LINK Price

ZROBTCMNTLINK

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has attracted over $7.24 billion in cross-chain assets from LayerZero since May, with the latest high-profile departure being Mantle's Super Portal.

The migration of Super Portal from LayerZero's Omnichain Fungible Token (OFT) standard to Chainlink's Cross-Chain Token (CCT) standard adds approximately $2.5 billion in value locked to the running total.

This trend underscores the market's growing demand for cross-chain execution that settles, with several notable projects already making the switch, including Kelp ($1.5 billion), Lombard (over $1 billion), and Solv Protocol ($700 million in tokenized bitcoin).