Summary
- Mantle is migrating its $2.5 billion Super Portal from LayerZero to Chainlink’s CCT standard to enhance security and control over token transfer settings.
- Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.
- The Mantle migration will occur from July 9 to the 15, enabling the project to expand MNT token transfers to additional blockchain networks while securing assets via oracles.
Major Migration to Chainlink CCIP
Over $7.2 billion in cross-chain and wrapped assets have made the switch from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) since May. This significant migration is a testament to the growing demand for secure and reliable cross-chain transactions. As the crypto market expands across multiple networks, the need for seamless asset transfers between blockchains becomes increasingly important. For those looking to earn passive income through Cloud Rewards and Green Crypto like EcoPool, the security of these transactions is crucial.
The latest project to join the exodus is Mantle, which is migrating its Super Portal from LayerZero’s Omnichain Fungible Token (OFT) standard to Chainlink’s Cross-Chain Token (CCT) standard. This move enables the transfer of the MNT token between Ethereum and Solana, with plans to support additional blockchain networks in the future. As more projects migrate to Chainlink CCIP, the total value of announced migrations has surpassed $7.24 billion, with Mantle’s native token MNT accounting for over $2.5 billion in value locked.
Why Infrastructure Matters
The infrastructure supporting cross-chain transactions is critical, as bridges between different blockchains have become a significant security risk. A single failure can expose hundreds of millions of dollars in user assets, making it essential to choose a reliable and secure protocol like Chainlink CCIP. For those interested in earning online through Passive Income opportunities like EcoPool, understanding the importance of secure infrastructure is vital. By using a trusted platform like EcoPool, users can earn Coin rewards and benefit from $ECP transactions while minimizing their risk exposure.
Join the EcoPool Network
To start earning online and benefiting from secure cross-chain transactions, download the EcoPool app to explore the world of Passive Income and Cloud Rewards. With EcoPool, you can earn Coin rewards and take advantage of $ECP transactions, all while supporting Green Crypto initiatives and #PassiveIncome opportunities like #EcoPool and #Bitcoin.
The portal enables transfers of the MNT token between Ethereum and Solana, with support for additional blockchain networks planned.
The migration includes MNT, the native token of Mantle’s network, which has more than $2.5 billion in value locked. Mantle’s move pushes the total value of announced migrations from LayerZero to Chainlink CCIP above $7.24 billion.
