This change began after the $292 million Kelp bridge exploit earlier this year, which led to increased scrutiny of LayerZero-powered bridge configurations. Kelp subsequently announced that it would be migrating over $1.5 billion in assets to Chainlink CCIP.
Since then, Solv Protocol has migrated $700 million in tokenized Bitcoin, Re has migrated $475 million, Kraken has migrated $330 million in wrapped assets, Lombard has migrated over $1 billion, Virtuals Protocol has migrated $700 million, and Yuzu Money has migrated $54.5 million.
Mantle said Superportal will be suspended during the transition period, which is scheduled to run from July 9 to July 15. $MNT Ethereum and Solana, and $MNT Activities in Byreal and Bybit are not affected.
“As tokenized financial assets move from concept to scale, the infrastructure that transports them from chain to chain cannot be left behind,” Mantle principal advisor Emily Bao said in a statement.
Chainlink CCIP ensures security in the new setup. $MNT Transfer using a decentralized oracle network. Mantle said the move will allow for scalability by providing direct control over token pools and transfer settings based on the CCT standard. $MNT To additional blockchain networks and tokenized asset markets.
