TLDR
- Seven DeFi teams reported Chainlink migrations, covering more than $4 billion in stated onchain value.
- Kraken named CCIP its exclusive cross-chain system for kBTC and all future wrapped asset products.
- Solv said it would move SolvBTC and xSolvBTC infrastructure to Chainlink after a security review.
- Kelp cited unanswered ecosystem questions while planning to migrate rsETH cross-chain support to Chainlink CCIP.
- The moves show DeFi teams are reassessing bridge and oracle tools after recent security incidents.
A new wave of DeFi projects is moving key systems to Chainlink. The shift follows recent security concerns across cross-chain and oracle services. Chainlink says seven teams have announced migrations covering more than $4 billion in value.
DeFi Teams Move Systems After Security Reviews
Several DeFi teams are reviewing old bridge and oracle tools after recent security incidents. These reviews focus on systems that move assets between blockchains. They also cover price data and other services used by DeFi apps.
Kelp said it is moving rsETH support to Chainlink CCIP. The team linked the move to concerns after the April 18 incident. It said, “There are questions that the ecosystem deserves answers to.”
Kelp also said it wants rsETH secured by infrastructure with fewer open concerns. The statement named LayerZero while discussing the reported incident. LayerZero has not been quoted in the supplied source text.
Kraken and Solv Add to Chainlink Migration
Kraken is also moving to Chainlink CCIP for its wrapped asset plans. The company is deprecating its older cross-chain provider. Chainlink said the move covers kBTC and future Kraken Wrapped Assets.
The migration covers more than $330 million in stated value, according to the source text. Kraken will use CCIP as its exclusive cross-chain system. This makes Kraken one of the larger names in the current shift.
Solv also said it will move SolvBTC and xSolvBTC to Chainlink CCIP. The team said the assets represent more than $700 million in tokenized Bitcoin. Solv said the decision followed an internal security review.
Chainlink Positions CCIP as Safer Infrastructure
Chainlink says the migrations show a broader change in DeFi infrastructure choices. Teams are moving away from older bridges and oracle systems. They are choosing tools with stronger controls and monitoring, according to Chainlink.
Solv said CCIP offered stronger security assurances after recent market events. It cited native risk controls and proactive monitoring in its statement. The team said this was part of its user protection plan.
The total stated value now exceeds $4 billion across seven announced migrations. The moves include asset issuers, DeFi protocols, and wrapped asset products. The trend centers on cross-chain transfers and oracle services.
Chainlink described the shift as a move toward secure-by-default systems. The company said DeFi needs infrastructure that can support value at scale. The latest announcements place CCIP at the center of that migration.
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