Chainlink Active Addresses Hit 8-Month High on May 9-10 as Solv Protocol Migrates $700M in Bitcoin Assets

LINK0.07%
SOLV-12.58%
BTC-0.81%
ZRO-1.48%

According to ChainCatcher, Chainlink saw 282,170 and 264,090 unique active LINK addresses on May 9-10 respectively, the highest level since September 2025. The surge in on-chain activity coincides with major institutional DeFi projects announcing migrations to Chainlink CCIP for cross-chain infrastructure. On May 7, Solv Protocol announced it completed security audits following the April Kelp DAO vulnerability and decided to migrate over $700 million in tokenized Bitcoin assets (SolvBTC and xSolvBTC) from LayerZero to Chainlink CCIP, representing a significant shift of institutional-grade DeFi infrastructure away from LayerZero toward Chainlink’s cross-chain ecosystem.

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