Mantle, a major Ethereum Layer-2 network, has moved its tokenized assets from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The migration pushes the total value that has shifted between the two cross-chain messaging providers past $7.2 billion.
The move follows earlier defections from Kelp and Lombard, each of which brought over $1 billion in assets to Chainlink CCIP. Other notable names include Solv Protocol, Virtuals, Re, and the tokenized asset arm of crypto exchange Kraken.
For many of these protocols, the decision appears rooted in Chainlink’s emphasis on security and institutional-grade infrastructure. CCIP’s built-in risk management, decentralized oracle backing, and formal verification processes have made it a preferred alternative to LayerZero’s model, which relies on a simpler message-passing architecture.
Mantle’s departure is particularly notable given the network’s size and its role in the Liquid Restaking Token (LRT) ecosystem. It now joins a growing list of protocols that have publicly swapped their cross-chain provider, a trend that underscores how competitive this infrastructure layer has become.
The cumulative $7.2 billion outflow represents a significant dent in LayerZero’s total value secured – though the exact impact on LayerZero’s own locked assets remains unclear. For Chainlink, the influx is a clear endorsement from the institutional crypto community, reinforcing its position as the go-to interoperability solution for large-scale tokenized assets.
What traders should watch next is whether other Layer-2s and tokenized-issuance platforms follow Mantle’s lead. A second wave of migrations could further tilt the competitive balance between the two protocols and indicator which technical architecture will dominate the cross-chain market.
Major Ethereum network Mantle moves $7.2B in assets to Chainlink, citing better security
Mantle, a large Ethereum Layer-2 network, moved its tokenized assets from LayerZero to Chainlink’s system, joining others that favor Chainlink’s stronger security features. This shift affects users relying on these cross-chain services and highlights growing competition in how crypto networks manage asset transfers.