KelpDAO Attack Drives $3 Billion TVL to Chainlink CCIP

The recent KelpDAO attack triggered a significant shift in the crypto ecosystem, leading to approximately $3 billion in Total Value Locked (TVL) migrating to Chainlink's Cross-Chain Interoperability Protocol (CCIP) within one week. This massive migration was prompted by LayerZero's handling of the incident, which involved initial blame-shifting, public backlash, and subsequent apologies and corrections. The event highlights LayerZero's operational issues and underscores Chainlink's role as a trusted interoperability solution.

Detected & updated continuously · Source: Ruma

Mentioned

Chainlink (link)LayerZero (zro)Kelp DAO Restaked ETH (rseth)