Shift

DeFi

Chainlink

Gains

<ul>
 <li>Leading protocols with nearly $3 billion in combined TVL have migrated to adopt the Chainlink technology.</li>
 <li>Chainlink’s LINK records double-digit gains as it eyes a retest of the $11 price level.</li>
</ul>
Chainlink has seen accelerated adoption of its technology over the past few days. As the network confirmed on a recent post, four leading protocols with around $3 billion in total value locked decommissioned their legacy oracles and bridges to adopt Chainlink.
<blockquote class="twitter-tweet">
 In 4 days, 4 leading protocols with $3B+ combined TVL decommissioned their legacy oracles &amp; bridges and are migrating to Chainlink.
 ⬡ <a href="https://twitter.com/KelpDAO?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@KelpDAO</a> ⬡ <a href="https://twitter.com/SolvProtocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SolvProtocol</a> ⬡ <a href="https://twitter.com/re?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@re</a> ⬡ <a href="https://twitter.com/tydrohq?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@tydrohq</a>
 DeFi will win. <a href="https://t.co/k07axZ34jV" rel="noopener noreferrer nofollow">pic.twitter.com/k07axZ34jV</a>
 — Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/2052797444966985743?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2026</a>
</blockquote>
The most notable protocol is the KelpDAO, whose migration follows the unfortunate events of April 18th when the DeFi platform was attacked had $300 million stolen. KelpDAO called out LayerZero for the attack, with the two engaging in a blame game for days.
Recognizing the dangers, Solv said it would be migrating $700 million in Bitcoin assets, held across SolvBTC and xSolvBTC. As ETHNews <a href="https://ethnews.com/after-kelpdao-debacle-700-million-solv-protocol-ditches-layerzero-for-chainlink/" rel="noopener noreferrer nofollow">reported</a>, Solv is moving its assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Tydro Markets was also among the latest entrants after being warned of security risks. The project paused all operations to immediately migrate from their legacy oracles to Chainlink Data Feeds. Being the largest lending protocol on Ink, which was launched by cryptocurrency exchange Kraken, security and stability are top priorities.
In the latest addition, Chainlink says leading reinsurance protocol Re is decommissioning its legacy bridging solution and migrating to Chainlink CCIP. The protocol has more than $475M in TVL, and says it holds infrastructure to a high standard, hence the decision.
An executive at Re noted:
<blockquote>
 “Chainlink has been a foundational technology provider powering Re from the beginning. It is an obvious choice to upgrade to Chainlink and secure the expansion of reUSD across chains.”
</blockquote>
Chainlink founder Sergey Nazarov has been applauding the decisions to move to Chainlink, saying it is a more secure and reliable solution. He further called out projects that have been cutting corners by running a single node, compromising the entire network. He noted that secure networks such as Chainlink offer “actual decentralization, actual monitoring, and actual private key security.”
<h3 id="strong-link-price-rally-triggered-by-whales-strong">LINK Price Rally Triggered by Whales</h3>
These developments have helped trigger a LINK price rally, with the digital asset recording a 15%increase in the past 7 days. At the time of writing, LINK is trading for $10.47 after a 5% surge in the past 24 hours.

Whale activity has been a key factor in the price action, with exchange data showing an aggressive accumulation. According to Santiment, accounts that hold 100K-10M LINK tokens have accumulated 32.93M more coins in a month.
<blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f517.png" alt="🔗"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f40b.png" alt="🐋"> ChainLink’s key stakeholders that hold between 100K-10M <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> have been aggressively accumulated over the past month. These whales &amp; sharks have accumulated 32.93M more coins (a +7.7% increase) in just one month.
 What makes this accumulation particularly significant is who… <a href="https://t.co/qhY3xUOUMT" rel="noopener noreferrer nofollow">pic.twitter.com/qhY3xUOUMT</a>
 — Santiment <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2708.png" alt="✈"><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f1e8-1f1ff.png" alt="🇨🇿"> ETHPrague (@SantimentData) <a href="https://twitter.com/SantimentData/status/2052471339361947698?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2026</a>
</blockquote>
Such aggressive moves inevitably trigger volatility in the coin from higher demand. Recent data further shows that roughly 13.5 million LINK coins have exited crypto exchanges, creating a possible supply squeeze. The price also reflects Chainlink’s recent reserve activity, after adding LINK coins worth $1.1 million.
Analysts are also calling an altseason imminent, with multiple coins rallying in the past few days. In such an event, LINK would be a top performer.
The post <a href="https://ethnews.com/link-gains-15-on-rising-whale-activity-exchange-outflows-and-3b-defi-shift/" rel="noopener noreferrer nofollow">LINK Gains 15% on Rising Whale Activity, Exchange Outflows, and $3B+ DeFi Shift</a> appeared first on <a href="https://ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

LINK Gains 15% on Rising Whale Activity, Exchange Outflows, and $3B+ DeFi Shift

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