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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid intensifying competition for interoperability standards in the crypto sector, over $7.2 billion in digital assets have migrated from LayerZero to Chainlink's CCIP since May. According to reports, Mantle Network recently announced it is moving its Super Portal from LayerZero's OFT standard to Chainlink's CCT standard. This move reflects a strategic shift by major projects toward Chainlink's infrastructure to secure cross-chain token transfers.
This migration occurs as DeFi protocols seek enhanced security and efficiency, with major platforms like Bybit, Kelp, and Lombard joining the trend. Compared to peers, experts suggest that Mantle's adoption of the CCT standard represents a significant challenge to LayerZero, which previously held a dominant share of the cross-chain bridge market. Per market data, this volume of migration is one of the largest liquidity shifts between interoperability protocols in industry history.
Looking ahead, traders are watching for continued institutional adoption momentum for Chainlink's technology, particularly as current price levels for LINK remain unavailable at this time. From a macro perspective, upcoming data such as the US ISM Services PMI scheduled for July 6, 2026, may influence broader risk appetite across digital asset markets.