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LINK CCIP has attracted more than US$7 billion in funding, and projects have abandoned LayerZero.
Chainlink performed strongly in the second quarter, with its Cross-Chain Interoperability Protocol (CCIP) becoming the most watched highlight.
Since May this year, more than US$7.2 billion in cross-chain and encapsulated assets have been migrated from LayerZero to Chainlink's CCIP. Mantle becomes the latest project to replace LayerZero in high-value token transfers.
In this migration wave, Kelp and Lombard each brought in more than US$1 billion in funds; in addition, the tokenized assets of Solv Protocol, Virtuals, Re and Kraken have also completed the migration.
Part of the reason for the accelerated migration process stems from concerns about the security of cross-chain bridges. Cross-chain bridges between different blockchains have become one of the biggest security risks in the cryptocurrency space, with a single failure potentially exposing hundreds of millions of dollars in user assets. Chainlink's CCIP positions itself as an institutional-level alternative, and project parties view security and control over token transfers as key reasons for switching to the protocol.
From the overall network perspective, as of July 2026, Chainlink's CCIP has facilitated a total transfer of more than US$21 billion and supported more than 60 tokens worth more than US$62 billion on the blockchain. The agreement also reports that its total value locked on oracle machines and cross-chain infrastructure exceeds $110 billion.
DTCC integration demonstrates deeper TradFi promise
In addition to CCIP data, the quarter also ushered in an important institutional milestone. The American Depository, Trust and Clearing Corporation (DTCC)-whose subsidiaries processed $47 trillion in securities transactions in 2025-will integrate Chainlink as the data and orchestration layer of its upcoming tokenized collateral platform. DTCC's Collateral AppChain will leverage the Chainlink Runtime Environment (CRE) and Chainlink data standards to support qualification reviews, valuations, margin management, collateral optimization and settlement. The platform is targeted to be put into production in the fourth quarter of 2026.
The collaboration also extends to Swift's tokenization workflow. In addition, an alliance of Swift, DTCC, Euroclear and 24 other organizations has used Chainlink to ensure data integrity and developed a unified infrastructure for corporate action processing. Standard & Poor's Global Ratings has linked stablecoin stability assessments through DataLink;WisdomTree, Visa, Deutsche Börse, SBI Group, GLEIF, Apex Group, ICE, Westpac Bank, FTSE Russell and Tradeweb all use Chainlink to provide various data publishing and settlement solutions.
Overall, second-quarter data shows that Chainlink has moved from a pilot project to production-level infrastructure, serving the DeFi protocol and large traditional financial institutions. The launch of the DTCC platform in the coming months, especially in the fourth quarter, will be the key to testing whether this momentum can be sustained.
