More than $7 billion in token value migrated to Chainlink's cross-chain protocol in the second quarter as security failures pushed major projects to abandon older bridge infrastructure.
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Chainlink CCIP draws $7B in Q2 as protocols exit legacy bridges
More than $7 billion in token value migrated to Chainlink's cross-chain protocol in the second quarter as security failures pushed major projects to abandon older bridge infrastructure.
Chainlink's CCIP attracted more than $7 billion in migrated token value during Q2 2026, with quarterly volume reaching $4.90 billion, up 353 percent year over year, according to the network's quarterly review published July 24.
"The integration of Chainlink's CRE and data standard will allow us to deliver a unified on-chain environment, bringing on-chain asset prices, valuations and other collateral agreement data to support this transformative industry initiative," Nadine Chakar, managing director and global head of digital assets at DTCC, said.
Kraken moved more than $330 million in wrapped bitcoin to CCIP, Mantle migrated $2.5 billion in MNT tokens, and KelpDAO shifted $1.5 billion in rsETH after an exploit of its previous bridge provider. Lombard Finance adopted CCIP to secure more than $1 billion in bitcoin assets. The migrations pushed Chainlink's total value secured to $110 billion and earned the network the No. 4 spot on Fortune's Crypto 100 list for blockchain and protocols.
The shift toward CCIP reflects a broader industry recalibration as protocols prioritize secure-by-default infrastructure over configurable bridges. With DTCC, Fidelity International, and a consortium of more than 50 banks now integrating Chainlink's technology, the network is becoming the interoperability layer for a tokenized financial system that Citi projects could reach $8.2 trillion by 2030.
Institutional adoption extends beyond crypto
DTCC, the premier post-trade market infrastructure for global financial services, is integrating Chainlink's CRE and data standard into its Collateral AppChain to enable 24/7 near-real-time collateral workflows, with an expected go-live in Q4 2026. Fidelity International launched its first tokenized fund, FILQ, powered by Chainlink's onchain NAV data. Project Pangea, a consortium of more than 50 banks representing over $10 trillion in assets under management, is using Chainlink to develop T+0 atomic settlement for international foreign-exchange markets.
SIX, the operator of the Swiss and Spanish national exchanges, adopted Chainlink to bring European equities data onchain, unlocking the tokenization of more than 2 trillion euros in European equities. Amazon's AWS Marketplace listed the Chainlink data standard, giving millions of AWS developers access to the network's data feeds, streams, and proof-of-reserve services.
Network effects deepen across chains and markets
The Chainlink Reserve accumulated 1.44 million LINK in Q2, bringing total holdings to 4.5 million LINK. Chainlink's Smart Value Recapture system surpassed $23 million in total value recaptured, with proceeds split between integrated DeFi protocols and the Chainlink Network. CME Group, the world's largest CFTC-regulated derivatives exchange, began offering 24/7 trading of LINK futures, while Kalshi launched LINK perpetuals in an industry first for a US company regulated by the CFTC.
The Build program is transitioning from project token payments to commercial agreements involving fees paid in LINK or other liquid assets convertible to LINK, according to the quarterly report. CCIP extended mainnet support to 10 new blockchain ecosystems, including Robinhood Chain, Tempo, Creditcoin, and MegaETH, while the Cross-Chain Token standard added 84 new assets.
This article is for informational purposes only and does not constitute investment advice.
