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Virtuals Protocol is moving over $700 million in VIRTUAL token liquidity from the LayerZero bridge to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), joining other DeFi projects such as Solv Protocol in a broader shift away from LayerZero after the KelpDAO exploit. The migration contributes to a larger trend where more than $3 billion in total value locked across multiple protocols is being reallocated to CCIP, which has recently recorded its highest daily active address count of about 80,428. Market commentary notes that LINK, the token underpinning CCIP, is trading around $7.60 with support near $7–$7.20 and resistance around $8.80 to $10, while the overall sentiment reflects growing institutional interest in oracle‑driven cross‑chain infrastructure.
Virtuals Protocol announced a migration of over $700 million in VIRTUAL liquidity to Chainlink’s CCIP.
The migration follows a broader industry exodus from LayerZero after the KelpDAO exploit, with more than $3 billion in TVL being shifted to CCIP.
CCIP recorded its highest daily active address count of approximately 80,428 on May 6, indicating increased usage.
LINK is trading near $7.60, with technical support around $7–$7.20 and resistance near $8.80 to $10.
Solv Protocol is also moving roughly $700 million in Bitcoin‑related assets to CCIP, mirroring Virtuals’ migration.
Virtuals is shifting liquidity to CCIP to reduce bridge risk after the KelpDAO exploit highlighted systemic failures in LayerZero’s infrastructure.
Combined migrations from Virtuals, Solv Protocol, and other DeFi projects amount to over $3 billion in total value locked being reallocated to CCIP.
CCIP achieved its highest-ever daily active address count of about 80,428 on May 6, according to on‑chain data.
LINK is trading around $7.60, with near‑term support in the $7–$7.20 band and resistance near $8.80 and $10.
Solv Protocol is simultaneously moving approximately $700 million in Bitcoin‑related assets (SolvBTC and xSolvBTC) to CCIP.
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