🚨 Massive Exodus from LayerZero
Following the recent statements and showing weakness in the project, protocols have started to abandon LayerZero en masse.
After the $292M exploit in KelpDAO and the lack of solid responses, over $2 billion in TVL are fleeing.
❌ Permanently migrated to Chainlink CCIP:
- KelpDAO → $1.5B (rsETH)
- Solv Protocol → $700M (SolvBTC / xSolvBTC)
- Re Protocol → $200M (reUSD)
❌ Suspended or paused bridges with LayerZero:
- Kamino
- Ethena (USDe/sUSDe)
- Euler
- Curve
❌ Markets frozen due to risk:
- Aave
- Compound
- Pendle
- SparkLend
- Fluid
LayerZero isn't just losing money… it's losing the most crucial aspect of the ecosystem: trust.
#LayerZero #ZRO #Chainlink #DeFi $ZRO