coin-img-ETHETH-0.60%coin-img-BTCBTC-0.53%coin-img-SOLSOL-1.44%coin-img-XRPXRP-3.30%coin-img-HPETHPET-29.77%coin-img-ULTIMAULTIMA+19.45%coin-img-USDCUSDC+0.01%coin-img-TRXTRX+0.76%coin-img-ETHETH-0.60%coin-img-BTCBTC-0.53%coin-img-SOLSOL-1.44%coin-img-XRPXRP-3.30%coin-img-HPETHPET-29.77%coin-img-ULTIMAULTIMA+19.45%coin-img-USDCUSDC+0.01%coin-img-TRXTRX+0.76%coin-img-ETHETH-0.60%coin-img-BTCBTC-0.53%coin-img-SOLSOL-1.44%coin-img-XRPXRP-3.30%coin-img-HPETHPET-29.77%coin-img-ULTIMAULTIMA+19.45%coin-img-USDCUSDC+0.01%coin-img-TRXTRX+0.76%coin-img-ETHETH-0.60%coin-img-BTCBTC-0.53%coin-img-SOLSOL-1.44%coin-img-XRPXRP-3.30%coin-img-HPETHPET-29.77%coin-img-ULTIMAULTIMA+19.45%coin-img-USDCUSDC+0.01%coin-img-TRXTRX+0.76%

Virtuals Protocol moves over $700M in VIRTUAL from LayerZero to Chainlink CCIP after KelpDAO exploit

AI Market Summary
Following the ~$292–300M KelpDAO/rsETH exploit, Virtuals and Solv are migrating $700M+ each from LayerZero to Chainlink CCIP, contributing to a broader $3B+ TVL rotation toward CCIP. This positions CCIP as a preferred risk-mitigation rail for cross-chain activity and highlights rising on-chain usage, which can influence short-term liquidity flows and attention around Chainlink's ecosystem despite LINK's recent pullback.
Impact level
● High
AI InsightAI Insight
▲ Bullish
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Virtuals Protocol said it is migrating more than $700M in VIRTUAL tokens from LayerZero to Chainlink’s CCIP after the KelpDAO exploit drained about $292–300M in rsETH. Solv Protocol is also moving over $700M in Bitcoin-related assets, including SolvBTC and xSolvBTC, to CCIP. In total, more than $3B in TVL across multiple DeFi protocols is being shifted away from bridge infrastructure in favor of CCIP.
VIRTUAL
VIRTUAL-0.64%
LINK
LINK-1.37%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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