Solv Protocol

Dollars

Altcoin

Resistance

Following the KelpDAO-related rsETH crisis, infrastructure preferences in the DeFi ecosystem are beginning to reshape, with reports indicating that some major protocols, with approximately $2 billion in total value locked (TVL), are moving away from LayerZero infrastructure and switching to the Chainlink CCIP system.
According to an assessment shared by crypto analyst Tom Wan, projects involved in this transition process include KelpDAO (approximately $1.5 billion TVL), Solv Protocol ($600 million TVL), and re ($200 million TVL).
However, it was noted that major assets such as Ethereum’s USDe product, EtherFi’s weETH asset, and BitGo’s WBTC still continue to use LayerZero’s OFT standard.
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This wave of migration comes shortly after LayerZero apologized for a recent security breach. The company acknowledged communication shortcomings during the crisis and stated that its internal RPC infrastructure was targeted by the Lazarus Group. The team also admitted that a “1/1 DVN” configuration error created a critical “single point of failure.”
As you may recall, the security breach on KelpDAO’s rsETH bridge exposed hundreds of millions of dollars in risks for many DeFi protocols, including Aave, leading to liquidity crises and discussions about “uncollectible debt.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/in-the-wake-of-recent-events-billions-of-dollars-are-flowing-out-of-an-altcoin-network/" rel="noopener noreferrer nofollow">In the Wake of Recent Events, Billions of Dollars Are Flowing Out of an Altcoin Network</a>

In the Wake of Recent Events, Billions of Dollars Are Flowing Out of an Altcoin Network

Bitcoin Sistemi EN

Other articles published on May 10, 2026

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