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Bitcoin DeFi platform Solv Protocol is migrating over $700 million in assets from LayerZero to Chainlink's CCIP, joining other protocols concerned about LayerZero's security vulnerabilities and operational practices.
Following a $292 million exploit on its rsETH bridge, KelpDAO is migrating its cross-chain infrastructure from LayerZero to Chainlink's CCIP, citing critical vulnerabilities in LayerZero's single-verifier setup.
The price of LayerZero (ZRO) fell 6% on April 28, 2026, testing the critical $1.35 support level after a wallet linked to the ecosystem deposited 1 million tokens to Binance.
A sophisticated exploit on April 18 targeting KelpDAO's cross-chain bridge, which was built on LayerZero's infrastructure, resulted in a $292 million loss due to a critical vulnerability in its single-verifier configuration.
LayerZero (ZRO) current price is $1.47, up 1.61% today.
LayerZero (ZRO) daily trading volume is $44.7M
LayerZero (ZRO) current market cap is $371.5M
LayerZero (ZRO) current circulating supply is 252.3M
LayerZero (ZRO) fully diluted market cap (FDV) is $1.4B
LayerZero (ZRO) is founded by Bryan Pellegrino
