Chainlink CCIP Draws $1.1 Billion in Value in One Week as Virtuals Join Migration Wave - "The Defiant"

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Chainlink’s Cross-Chain Interoperability Protocol (CCIP, the messaging layer that moves assets and data between blockchains) drew over $1.1 billion in token value this week, according to Chainlink, as Virtuals Protocol, Pleasing Market, and Zest Protocol announced integrations in the same seven-day window.

The wave is the latest in a trend that started after a $292 million exploit hit Kelp DAO’s LayerZero-powered bridge in April. Chainlink’s own blog post tallied more than $4 billion in assets migrated to CCIP across seven protocols by May 20; this week’s round pushes the cumulative total higher.

The largest mover this week was Virtuals Protocol (an AI-agent platform where users create, tokenize, and monetize autonomous software agents), which announced Thursday that it is migrating $700 million-plus in VIRTUAL token cross-chain infrastructure from LayerZero to CCIP.