A $650 million wave of bridge hacks just triggered a $7 billion mass migration to Chainlink

Chainlink drew more than $7 billion of token value onto its cross-chain infrastructure in the second quarter as institutional adoption accelerated, according to its second-quarter review.The migration came as crypto projects replaced older bridging systems and traditional-finance firms moved deeper into tokenized markets, expanding Chainlink’s role across both sides of the digital-asset economy.Chainlink said its Cross-Chain Interoperability Protocol (CCIP) handled $4.9 billion in quarterly volume, up 353% from a year earlier, while the network’s total value secured reached $110 billion.The growth is also sharpening a longstanding question for investors: whether wider use of Chainlink’s infrastructure can translate into stronger economic demand for LINK, the network’s native token.Bridge attacks push billions toward ChainlinkSecurity concerns are reshaping how some of crypto’s largest projects move assets between blockchains.Mantle migrated more than $2.5 billion of MNT to Chainlink’s Cross-Chain Interoperability Protocol, while Lombard Finance moved over $1 billion in Bitcoin assets and Solv shifted more than $700 million in tokenized Bitcoin.KelpDAO moved about $1.5 billion of rs...