Key facts
- Mantle is migrating its $2.5 billion Super Portal from LayerZero to Chainlink's CCIP.
- The migration aims to enhance security and control over token transfer settings.
- Over $7.2 billion in assets have migrated from LayerZero to Chainlink CCIP since May.
- The Mantle Super Portal facilitates MNT token transfers between Ethereum and Solana.
- The migration is scheduled to take place from July 9 to July 15.
Mantle is migrating its $2.5 billion Super Portal from LayerZero's Omnichain Fungible Token (OFT) standard to Chainlink's Cross-Chain Token (CCT) standard. This move, scheduled between July 9 and July 15, aims to enhance security and control over token transfer settings for its native MNT token. The Super Portal, co-developed with Bybit, currently facilitates MNT transfers between Ethereum and Solana, with plans to expand to additional networks.
Mantle's decision follows a broader trend of projects migrating over $7.2 billion in assets from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May. This shift has been amplified by increased scrutiny of bridge configurations, particularly after the $292 million Kelp bridge exploit earlier in the year. Other notable migrations to Chainlink CCIP include Kelp, which moved over $1.5 billion, Lombard with more than $1 billion, Solv Protocol with $700 million in tokenized bitcoin, Virtuals Protocol with $700 million, Re with $475 million, and Kraken with $330 million in wrapped assets.
Chainlink CCIP will secure MNT transfers using its decentralized oracle network. Mantle stated that the new setup provides direct control over token pools and transfer settings, supporting its expansion into additional blockchain networks and tokenized asset markets. Emily Bao, a key advisor at Mantle, emphasized the importance of robust infrastructure for tokenized financial assets as they scale.