Chainlink news

Solv Protocol is migrating its cross-chain infrastructure from LayerZero to Chainlink for over $700 million in tokenized bitcoin, citing stronger security assurances after recent industry incidents. The move follows the $292 million exploit on LayerZero-powered Kelp DAO and Solv's own $2.7 million hack in March. Solv will phase out LayerZero bridging support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock, and TAC, adopting Chainlink's CCIP as its official solution. The protocol emphasized that CCIP is the "gold standard" for decentralized interoperability and recognized by the White House as critical digital asset infrastructure.

Solv Protocol is migrating over $700 million in tokenized Bitcoin infrastructure from LayerZero to Chainlink's CCIP, deprecating LayerZero bridge support for Corn, Berachain, Rootstock, and TAC. The move follows a security review prompted by a $292 million exploit linked to LayerZero-powered infrastructure at KelpDAO. Solv cited recent cross-chain hacks and the need for institutional-grade security as reasons for the switch. KelpDAO previously blamed LayerZero for the exploit and also plans to migrate to Chainlink. The migration reflects growing scrutiny of cross-chain bridge security in DeFi.

Solv Protocol is migrating over $700 million in tokenized bitcoin assets from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), citing security concerns after recent cross-chain hacks. The move covers SolvBTC and xSolvBTC, Solv's wrapped bitcoin tokens used in DeFi and BitcoinFi markets. This follows a similar shift by Kelp DAO after an April exploit that drained $292 million from its LayerZero bridge. The dispute over the exploit's cause - whether it stemmed from a single-verifier configuration or application-level choices - has heightened security scrutiny in cross-chain infrastructure. Chainlink's CCIP is now gaining traction as a secure standard, with Kelp also moving its liquid staked ETH to Chainlink.

Kelp DAO is migrating its restaking token rsETH to Chainlink CCIP after an exploit in April that resulted in the theft of 116,500 tokens. The protocol continues to blame LayerZero's cross-chain infrastructure for the hack, which caused $292 million in losses and affected broader crypto lending markets. LayerZero had argued the vulnerability stemmed from Kelp's use of a single verifier network (DVN) setup, which it advised against. However, Kelp claims the setup was default, used by many protocols, and that LayerZero confirmed it as secure. LayerZero CEO Bryan Pellegrino disputes these claims, stating Kelp manually changed from a multi-DVN default to the insecure 1/1 configuration.

KelpDAO is blaming LayerZero for a $292 million exploit that occurred on April 18, draining 116,500 rsETH from a cross-chain bridge. Kelp claims LayerZero approved the vulnerable 1-of-1 verifier configuration and did not warn of security risks, a setup they say was widely used. LayerZero disputes this, stating the exploit resulted from Kelp's use of a single-verifier setup against their recommended multi-verifier model. Kelp plans to relaunch its rsETH system on Chainlink's CCIP, which requires multiple independent validators. Meanwhile, a legal battle in a New York federal court involves $71 million in frozen funds linked to the exploit, potentially shaping DeFi recovery rules.

Kelp DAO is moving its cross-chain infrastructure from LayerZero to Chainlink's CCIP following a $292 million exploit in April. The attack, linked to North Korea's Lazarus Group, exploited a single-verifier setup in a LayerZero-powered bridge, draining 116,500 rsETH. LayerZero criticized the 1-of-1 configuration but Kelp cited it as LayerZero's default recommendation, noting 47% of LayerZero apps used similar setups. Chainlink requires at least 16 independent node operators. LayerZero has since stopped signing single-verifier setups.

Amazon Web Services (AWS) has added Chainlink's oracle services to the AWS Marketplace, making decentralized data feeds, data streams, and proof-of-reserve solutions available to enterprise developers. The integration aims to bridge cloud and blockchain infrastructure while maintaining enterprise security and compliance standards. Chainlink's data feeds provide decentralized price and market data for asset valuation and risk management. Data streams enable real-time on-chain responses to market movements, while proof-of-reserve offers verifiable attestations for stablecoins and tokenized assets. AWS has also published reference architectures for proof-of-reserve monitoring and prediction market trading. AWS holds about 31% of the global cloud market, and Chainlink's oracles have secured $29 trillion in transaction value across 80+ blockchains since 2019. LINK token was up approximately 1% on the day, trading at $9.37, but is down about 37% over the past year.

AWS Marketplace has integrated Chainlink's data standards and services, allowing developers to combine AWS cloud infrastructure with blockchain smart contracts. The integration includes Chainlink's Data Feeds, Data Streams, and Proof of Reserve services, enabling access to decentralized data and asset verification. This move aims to streamline the development of hybrid applications that bridge traditional computing and decentralized systems, particularly for tokenized assets. Rising interest in tokenization and competition among oracle providers, such as Pyth, highlight the growing demand for secure off-chain data connectivity.

Spot Solana and Chainlink ETFs saw their largest daily inflows in a month on April 16, signaling renewed institutional interest in mid-cap altcoin products. Solana ETFs attracted $15.5 million, while Chainlink ETFs added $1.57 million. Despite the inflow surge, price reactions for both tokens remained modest. SOL gained 3.3% and LINK rose 1.6% over 24 hours, outpacing Bitcoin and Ethereum but still trading in the red over the past month. The April 16 flows represent a tentative shift after weeks of cautious positioning, though it remains uncertain whether this marks a durable rotation back into altcoin products.

Chainlink's DataLink has integrated with SIX Group's Swiss and Spanish stock exchanges, making their equities market data accessible to smart contracts. This enables developers to build tokenized stock indices, DeFi applications, and other blockchain-based products. The integration adds to Chainlink's growing list of institutional data sources, including FTSE Russell and Deutsche Börse. SIX Group, with €2 trillion in market capitalization, brings its blockchain experience from earlier tokenization initiatives to this partnership.