Mantle Migrates MNT From LayerZero to Chainlink CCIP as $7.2B Asset Migration Wave Accelerates

According to Mantle, on July 9, the protocol is migrating its Super Portal from LayerZero's Omnichain Fungible Token standard to Chainlink's Cross-Chain Interoperability Protocol, pausing transfers between July 9 and July 15. The move brings the total announced value of migrations from LayerZero to Chainlink CCIP above $7.24 billion since May, including MNT tokens worth over $2.5 billion.

The migration follows the $292 million Kelp bridge exploit earlier this year, which triggered a broader reassessment of cross-chain infrastructure security. Since then, Kelp migrated $1.5 billion in assets to Chainlink CCIP, while Solv Protocol moved $700 million, Kraken transferred $330 million, Lombard migrated over $1 billion, and Virtuals Protocol moved $700 million.