Lombard has become the latest protocol to abandon LayerZero in favor of Chainlink CCIP, as the cumulative value of assets migrating away from LayerZero has now exceeded $4 billion. This wave of departures gained momentum following a $292 million exploit that drained 116,500 rsETH from Kelp DAO’s LayerZero bridge in April 2026. LayerZero subsequently acknowledged a configuration error by allowing a single verifier to protect such large sums.
Kraken was among the first major entities to make the switch, announcing that it would use Chainlink CCIP exclusively for its wrapped asset infrastructure, including kBTC. The exchange highlighted CCIP’s enterprise-grade security certifications, ISO 27001 and SOC 2 Type 2, as key factors in its decision. Kelp DAO followed suit in early May, moving rsETH to CCIP as its dispute with LayerZero over liability for the exploit intensified. Solv Protocol transferred $700 million in tokenized Bitcoin, including SolvBTC and xSolvBTC, to CCIP on May 7. Re.xyz also migrated $475 million in total value locked, citing CCIP’s network of 16 independent validators and built-in rate limits as decisive advantages.
Chainlink CCIP has now handled over $28 trillion in cumulative on-chain transaction value, with average weekly token transfers around $90 million. It remains the only oracle platform to hold both ISO 27001 and SOC 2 Type 2 certifications. In response to the exodus, LayerZero has removed support for 1-of-1 DVN configurations and is moving most routes toward stricter 5-of-5 verifier setups. Despite the outflow, LayerZero claims that more than $9 billion in bridged assets have moved through its infrastructure since April 19.