DeFi protocols with a total value locked (TVL) exceeding $3 billion are transitioning to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following the $292 million exploit of KelpDAO. According to NS3.AI, Chainlink announced that KelpDAO, Solv Protocol, Re, and Tydro are decommissioning their legacy oracle and bridge systems in favor of CCIP. Data from CryptoSlate indicates that Chainlink's token, LINK, increased by 15%, reaching $10.52, marking its highest level since January. LayerZero issued an apology on May 9, acknowledging the need for stronger oversight regarding the use of its verifier network.