Key Takeaways:
Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP, joining two other major DeFi protocols.An April 18, 2026, exploit drained roughly $292M from KelpDAO, triggering security reviews across DeFi bridging infrastructure.Re (re.xyz) selects Chainlink CCIP as its exclusive cross-chain bridge for reUSD, a stablecoin backed by $475M+ in protocol TVL.“After an extensive security review, Solv is deprecating its Layerzero bridges and migrating to the most secure cross-chain solution in the industry, with SolvBTC and xSolvBTC now officially powered by Chainlink CCIP across all supported chains,” the team wrote.
The combined scale of these shifts, nearly $1 billion when counting Solv and KelpDAO alone, has strengthened Chainlink’s position as a preferred cross-chain standard for protocols managing institutional-grade or high-value assets. Chainlink executives have described the moment as a flight to quality, with teams seeking infrastructure that offers default protections rather than configurations that place security responsibility on individual operators.
Nazarov added:
Holders of rsETH, SolvBTC, xSolvBTC, and reUSD are largely unaffected during the transition. Each protocol has structured its migration to be phased, with minimal required action from users in most cases.
