Protocols Migrate to Chainlink CCIP Amid LayerZero Apology

Several protocols with a total value locked (TVL) of approximately $2 billion have announced their migration to Chainlink CCIP, according to ChainCatcher. This includes KelpDAO with $1.5 billion, SolvProtocol with $600 million, and re with $200 million. Currently, major assets still utilizing the LayerZero OFT standard include USDe/sUSDe from Ethena, weETH from Etherfi, USDT0 from Tether, thBILL from Theo, and WBTC from Bitgo. The specific migration progress will depend on announcements from the respective projects. LayerZero recently issued an apology for poor communication regarding a security incident over the past three weeks. The company acknowledged that its internal RPC was attacked by the Lazarus Group and admitted to mistakenly allowing LayerZero Labs DVN to act as a 1/1 verification node for high-value transactions, which posed a single-point risk.