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Solv and Kelp Migrate Nearly $1 Billion to Chainlink’s CCIP

Solv Protocol said it will move over $700 million of SolvBTC and xSolvBTC from LayerZero to Chainlink CCIP, while the combined Solv and Kelp shift was described as an industry "flight to quality."

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Fact Check
All three sources — CoinDesk, The Block, and crypto.news — independently and consistently confirm every material element of the claim: (1) Solv Protocol is migrating over $700 million in SolvBTC and xSolvBTC from LayerZero to Chainlink CCIP; (2) Kelp made a similar migration; (3) the combined shift approaches nearly $1 billion; and (4) the move was characterized as an industry 'flight to quality' (attributed to Chainlink CBO Johann Eid in the CoinDesk article). The migration is contextualized by a $292M exploit on Kelp DAO's LayerZero bridge in April 2026. The Solv Protocol's own blog post (insights.solv.finance) is cited as the primary announcement source by both CoinDesk and The Block, further anchoring the claim to an official originator. No conflicting evidence was found.
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Summary

Solv and Kelp have shifted nearly $1 billion in assets to Chainlink’s CCIP, with Solv Protocol separately stating that more than $700 million of SolvBTC and xSolvBTC will migrate from LayerZero to Chainlink’s cross-chain infrastructure. According to Solv Protocol, it will also discontinue LayerZero support on Corn, Berachain, Rootstock and TAC following security reviews and amid recent cross-chain attacks. The combined developments highlight growing emphasis on security, message verification and established interoperability systems for moving assets across blockchains.

Terms & Concepts
  • CCIP: Chainlink’s Cross-Chain Interoperability Protocol, a system for transferring messages, data, tokens, and instructions across different blockchains.
  • Cross-chain attacks: Security incidents that target bridges or messaging systems used to move assets or instructions across multiple blockchains.
  • Tokenized Bitcoin: Blockchain-based assets designed to represent Bitcoin on other networks so they can be used in decentralized applications and cross-chain activity.