BitGo Moves $7.4 Billion in WBTC to Chainlink CCIP

BitGo has officially migrated $7.4 billion worth of Wrapped Bitcoin to the Chainlink Cross Chain Interoperability Protocol. This transition represents the largest single shift of assets between these protocols to date.

The move marks a significant departure from LayerZero. With this latest transfer, the total value that has moved from LayerZero to Chainlink now sits near $15 billion.

Traders are watching these infrastructure shifts closely as they signal changes in how major institutions handle cross chain security. This migration highlights the growing competition between interoperability protocols as they fight for dominance in the market.