Solv Protocol Will Dump LayerZero, Migrate $700M Tokenized Bitcoin Tech to Chainlink
Solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.
The migration of Solv Protocol's tokenized Bitcoin to Chainlink may lead to increased confidence in Chainlink's infrastructure while negatively impacting LayerZero's reputation. This could result in a short-term decline in BTC prices as investors react to the news.
Solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.
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