Following the rsETH attack, funds are shifting from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), according to Bitwise Crypto Research Institute's Ishmael Asad. LayerZero's daily active addresses have dropped to their lowest in nearly three years, and the ZRO token has faced significant sell-offs post-security incident. In contrast, Chainlink's CCIP has reached a record high in daily active addresses, hitting 80,428 last week, indicating the impact of capital migration.
LayerZero Activity Plummets as Funds Migrate to Chainlink CCIP
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