Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

24/08/2026

Hyperliquid is seeking a compliant path to launch perp trading in the U.S

24/08/2026

Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

24/08/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000

    24/08/2026

    Bitcoin Hits $64K, Yet One Indicator Says It’s Still Very Undervalued

    24/08/2026

    One Side Is About to Run Out of Time

    24/08/2026

    what Michael Saylor’s reversal signals for the corporate treasury thesis

    24/08/2026

    Tom Lee Backs Ether as Vital Layer for AI

    24/08/2026

    Ethereum Just Posted Its 8th-Largest Rally: Chase ETH or Wait?

    24/08/2026

    Has the Expected Rally Begun, or is the Rise Temporary? Two Expert Analysts Evaluate!

    24/08/2026

    Ethereum price eyes $2,500 as RSI flashes warning

    24/08/2026

    Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

    24/08/2026

    Is Everything OK With Shiba Inu (SHIB) X Account? It Suddenly Starts Promoting Low-Cap Coins

    24/08/2026

    Shiba Inu Flashes Bullish Signal Amid 124 Billion SHIB Exit

    24/08/2026

    Ripple Cuts RLUSD Ethereum Supply to $692 Million

    24/08/2026

    NFT sales surge 170% to $95.5M on $55M Pandora trade

    22/08/2026

    How StonkBrokers Turned a JPEG Into a Brokerage Account

    18/08/2026

    OpenSea founder pivoted to AI — and won

    17/08/2026

    Fake World Assets Opens Its Gacha Pool to New NFT Collections

    17/08/2026

    Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

    24/08/2026

    Hyperliquid is seeking a compliant path to launch perp trading in the U.S

    24/08/2026

    Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

    24/08/2026

    LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details

    24/08/2026
  • Blockchain

    LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details

    24/08/2026

    Digital Asset and Paul Ryan’s American Idea Foundation Plan Canton Benefits Pilot

    24/08/2026

    Anvil CEO says on-chain letters of credit make lending ‘virtually default proof’

    22/08/2026

    DigiFT and Arco Partner to Expand Tokenized Asset Distribution Across Asia

    22/08/2026

    What Does a Chainlink Price Oracle Actually Do?

    22/08/2026
  • DeFi

    Uniswap Hits Record Daily UNI Burn of $590K as Ethereum Leads the Way

    22/08/2026

    BTCS used Ethereum to repay Aave debt and ended Q2 with just $317,000 in cash

    22/08/2026

    DeFi Roars Back as $10B DEX Boom Sends TVL Flying Above $83B

    21/08/2026

    Maple Finance crypto lending grows to $1.9B, ranks second only to Tether

    20/08/2026

    Blueprint Finance draws BitGo, FalconX in Polychain-led round

    20/08/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Securitize builds Wall Street credentials with SEC adviser license as tokenization expands

    22/08/2026

    Cantor is advising crypto bank AMINA on path to potential public listing

    22/08/2026

    Option Bulls Have Changed Course, Targeting This Level!

    22/08/2026

    If you invested $1,000 in SpaceX stock at IPO, you’d now have this much

    22/08/2026

    OpenPayd Joins Fireblocks Payments Network

    22/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid is seeking a compliant path to launch perp trading in the U.S

    24/08/2026

    A Simulated Prediction Market for AI Trading Agents

    24/08/2026

    Kraken adds S&P 500 to funded trading program, commodities to follow

    24/08/2026

    Coinbase Will Delist 10 Altcoins from Its Futures Market

    24/08/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

    24/08/2026

    EU Carbon Taxes Push Bitcoin Mining to Russia, Study Claims

    24/08/2026

    Bitcoin Mining Hits a Crossroads as Difficulty Hovers Near the Floor

    24/08/2026

    The Big Seller Behind Bitcoin Miners Could Be Nearly Done

    23/08/2026

    CLARITY Act Odds Sink as Senate Delay Threatens 2026 Crypto Vote

    24/08/2026

    Ex-US defense secretary calls CLARITY Act a ‘national security bill’

    24/08/2026

    CLARITY Act Enters ‘Walking Dead’ State as SEC Prepares Crypto Rules

    24/08/2026

    CLARITY Act Leaves 5 Loopholes, From Pensions to Trump’s $1.4B Crypto

    23/08/2026

    Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

    24/08/2026

    Hyperliquid is seeking a compliant path to launch perp trading in the U.S

    24/08/2026

    Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

    24/08/2026

    LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details

    24/08/2026
  • MarketCap
NBTC News
Home»Blockchain»LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details
Blockchain

LayerZero to axe 14 low-activity chains after KelpDAO exploit – Details

NBTCBy NBTC24/08/2026No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Cross-chain interoperability provider LayerZero will withdraw off-chain support for 14 low-activity chains, including Arbitrum Nova.

In its latest statement, the firm said that its DVN (decentralized verifier network) and Executors, collectively responsible for off-chain communication between different chains, will be deprecated for the 14 chains.

The affected networks include Cronos zkEVM, Degen, Skale Europa, Superposition, Shrapnel, and more. As a result, some assets, including stablecoins (USDT and USDC) across these chains, could be stranded if not moved before the full shutdown.

According to LayerZero, the off-chain support will be axed in 30 days (by September).

Source: X

Since July, LayerZero has flagged over 30 chains with low activity, including the recently shut BounceBit. Although the move is positioned as operational efficiency, security risk and competition seem to be key reasons behind the aggressive shift.

Chainlink CCIP traction threatens LayerZero

LayerZero has massive financial backing, including top-tier VC firms such as Sequoia Capital, a16z (Andreessen Horowitz), Binance Labs, and Coinbase Ventures.

And the bet was simple: bridge the fragmented liquidity across various blockchains. But the KelpDAO’s $292M hack, one of the largest DeFi exploits in 2026, triggered a massive fallout.

The exploit stemmed from LayerZero’s recommended “1-of-1” DVN setup, which doesn’t give enough verification before large minting or fund transfers are approved. Since the same loophole can be used with low-adopted reserve assets, Aave has stopped supporting most of them, including ghost chains.

In fact, several projects have since migrated from LayerZero to rival Chainlink CCIP (Cross-Chain Interoperability Protocol). Notably, the Wyoming state government, BitGo (WBTC), and Nethermind have migrated from LayerZero to CCIP.

Chainlink’s Zach Rynes estimated that a total of $15B has been migrated from LayerZero, underscoring the expensive lesson for LayerZero for the KelpDAO fallout.

Notably, after the exploit, LayerZero bridged volume dropped 4x from nearly 400K $ETH to about 100K $ETH.

Source: DeFiLlama

As such, LayerZero’s aggressive move to wind down support for over 30 chains may be viewed as a strategic play to reduce its security risk exposure. By extension, it’s meant to counter Chainlink CCIP’s growing competition after the KelpDAO exploit.

But whether that’s enough to stop its top projects from migrating to Chainlink remains to be seen.


Final Summary

  • LayerZero to withdraw support for 14 chains by September.
  • Chainlink CCIP has attracted over $15B in assets migrating from LayerZero since the KelpDAO hack.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Digital Asset and Paul Ryan’s American Idea Foundation Plan Canton Benefits Pilot

24/08/2026

Anvil CEO says on-chain letters of credit make lending ‘virtually default proof’

22/08/2026

DigiFT and Arco Partner to Expand Tokenized Asset Distribution Across Asia

22/08/2026

What Does a Chainlink Price Oracle Actually Do?

22/08/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Starknet Resolves Shielding Deposit Issue Following STRK20 Upgrade — What Comes Next

24/08/2026

Hyperliquid is seeking a compliant path to launch perp trading in the U.S

24/08/2026

Bitcoin Miners Get a Lifeline as Hashprice Explodes 20% Higher

24/08/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.