Four Major DeFi Protocols Migrate $3B+ TVL to Chainlink Infrastructure
Four Major DeFi Protocols Migrate $3B+ TVL to Chainlink Infrastructure
🔄 $3B DeFi Migration
In a significant industry shift, four leading DeFi protocols representing over $3 billion in combined Total Value Locked (TVL) have decommissioned their legacy oracle and bridge solutions in favor of Chainlink infrastructure.
Protocols Making the Switch:
- KelpDAO - migrating to Chainlink CCIP for enhanced cross-chain security of rsETH
- SolvProtocol - moving tokenized Bitcoin infrastructure to Chainlink
- Tydrohq - the largest lending protocol on Ink, transitioning to Chainlink Data Feeds
This migration wave occurred within just four days, signaling growing confidence in Chainlink's infrastructure for critical DeFi operations. The move comes as protocols seek more robust security solutions, with some citing previous vulnerabilities in alternative systems.
We’re committed to working with @tydrohq, the largest lending protocol on @inkonchain, as they deprecate their legacy oracle solution and officially migrate to Chainlink Data Feeds. DeFi will win.
Tydro is migrating from its existing oracle to @chainlink. The pause is still in effect as a precautionary measure as we test and complete the upgrade. User funds remain safe, liquidations are currently disabled, and a grace period will be implemented upon unpausing. Markets
We’re committed to working with @KelpDAO in strengthening the cross-chain security of rsETH by supporting their migration to Chainlink CCIP. DeFi will win.
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi.
In 4 days, 4 leading protocols with $3B+ combined TVL decommissioned their legacy oracles & bridges and are migrating to Chainlink. ⬡ @KelpDAO ⬡ @SolvProtocol ⬡ @re ⬡ @tydrohq DeFi will win.
Re Protocol Migrates $475M+ TVL to Chainlink CCIP, Decommissions Legacy Bridge
Leading reinsurance protocol **Re** ($475M+ TVL) is migrating to **Chainlink CCIP** as its exclusive cross-chain infrastructure after an extensive security review. **Key Details:** - Re is decommissioning its legacy bridging solution - CCIP will enable secure **reUSD distribution** across all chains - Migration follows similar move by **Solv Protocol** ($700M+ in tokenized BTC) This continues a trend of major DeFi protocols choosing CCIP for enhanced security. Solv recently migrated its tokenized BTC assets (Solvbtc & xSolvbtc) to CCIP, citing its **16 independent node operators per bridge lane** as a key security advantage. The industry shift reflects growing demand for decentralized-by-default infrastructure with the highest security standards. [Full announcement](https://re.xyz/insights/chainlink-ccip)
🏗️ Bridgetower Tokenization Platform
Bridgetower has successfully transitioned from being an early Chainlink adopter to launching a **live production tokenization platform**. The platform tokenizes securities from an **$11 billion Arizona copper-gold asset** (DOM X project). **Key developments:** - Integration of the full Chainlink stack enables large-scale issuance and distribution of tokenized securities - Platform moves from pilot phase to actual production deployment - Represents a significant real-world application of blockchain infrastructure for traditional asset tokenization The case study demonstrates how enterprise adoption of oracle networks can facilitate the bridge between traditional finance and blockchain-based securities.
BridgeTower Tokenizes $11B in Gold and Copper Deposits Using Chainlink
**BridgeTower Capital has launched tokenized securities backed by over $11 billion in physical gold and copper deposits.** The tokenized assets represent: - 1.48 billion pounds of copper - 0.69 million ounces of gold The securities are powered by Chainlink's full-stack platform, which provides the infrastructure for issuing and distributing tokenized securities at scale. This represents a significant step in bringing real-world assets onchain through blockchain technology.
🔐 Solv Protocol Ditches LayerZero, Migrates $700M in Tokenized BTC to Chainlink CCIP
**Solv Protocol has fully migrated to Chainlink CCIP** as its official cross-chain infrastructure, moving over $700M in tokenized BTC assets (SolvBTC & xSolvBTC) away from LayerZero. **Key Details:** - Cross-chain transfers now secured by 16 independent node operators per bridge lane - Migration follows extensive security review citing CCIP's "secure-by-default architecture" - Legacy LayerZero bridges being deprecated - CCIP recognized by White House as critical infrastructure for digital assets **Why the Switch?** Solv cited recent industry events and determined CCIP provides stronger security assurances through native risk controls and proactive monitoring. The move signals a broader trend of protocols prioritizing institutional-grade security standards for cross-chain operations. [Full announcement](https://insights.solv.finance/solv-protocol-migrates-from-layerzero-to-chainlink-ccip/)