Several protocols shift from LayerZero to Chainlink CCIP as combined TVL tops $2B

According to Huo Xing Finance, a number of protocols totaling about $2 billion in TVL have announced plans to migrate from LayerZero to Chainlink CCIP, even after LayerZero issued an apology. Projects cited include KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million). Large assets still relying on LayerZero's OFT standard include USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (BitGo). Any migration timelines remain dependent on official updates from each project. LayerZero previously released a formal apology over what it described as poor communication over the past three weeks following a security incident. The company said its internal RPC was compromised by the Lazarus Group and acknowledged it had mistakenly permitted LayerZero Labs DVN to operate as a 1/1 validation node for high-value transactions, creating a single point of failure.