More than $7.2 billion in cross- and wrapped assets have migrated from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers.
Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero’s Omnichain Fungible Token (OFT) standard to Chainlink’s Cross-Chain Token (CCT) standard.
LayerZero and Chainlink CCIP allow token holders to move assets between blockchains, a basic requirement as crypto markets spread across competing networks.
Infrastructure is important because bridges between different blockchains have become one of the biggest security risks in cryptocurrencies, and a single failure can expose hundreds of millions of dollars in user assets.
The portal allows MNT token transfers between Ethereum and Solana, and support for additional blockchain networks is planned.
The migration includes MNT, the native token of the Mantle network, which has over $2.5 billion in locked value. Mantle’s move brings the total value of announced migrations from LayerZero to Chainlink CCIP above $7.24 billion.
