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Solv Protocol stories

May 11, 2026

DeFi Protocols Migrate $3 Billion to Chainlink Following KelpDAO Exploit

Following a $292 million KelpDAO exploit, crypto projects with over $3 billion in total value locked migrated their cross-chain infrastructure from LayerZero to Chainlink's CCIP. Solv Protocol moved $700 million in tokenized Bitcoin infrastructure as part of the migration.

May 11, 2026·2 sources
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May 7, 2026

Solv Protocol Migrates $700 Million from LayerZero to Chainlink CCIP Across Multiple Chains

Solv Protocol announced migration of SolvBTC and xSolvBTC from LayerZero to Chainlink's Cross-Chain Interoperability Protocol across Corn, Berachain, Rootstock and TAC networks, covering approximately $700 million in assets.

May 7, 2026·3 sources
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Top claims

  • ▪The KelpDAO exploit resulted in a $292 million security breach
  • ▪Pepeto raised $9.2 million at a price of $0.0000001865
  • ▪Wallets holding 100,000 to 10 million LINK added 32.93 million tokens in April 2026, a 7.7% increase

Topics

DeFi securityTokenized securitiesDeFiCrypto hacksBlockchain interoperabilityBlockchain oraclesBitcoinLayer 2s