#cross-chain

The post Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets appeared on BitcoinEthereumNews.com. Chainlink just recorded its busiest stretch in eight months, driven by a sharp rise in on-chain activity following major infrastructure migrations into its cross-chain ecosystem. On May 9, the network recorded 282,170 unique active LINK addresses, followed by 264,090 on May 10, the highest level since September 2025, according to Santiment data. 🔗 ChainLink just recorded its two highest address activity days in 8 months. On May 9th, 282,170 unique LINK addresses were active on the network, followed by 264,090 on May 10th. The network hasn’t seen these levels since September, 2025. When a metric like this erupts this… pic.twitter.com/qgQiiDI7EY — Santiment Intelligence (@SantimentData) May 11, 2026 The spike came shortly after Solv Protocol announced plans to migrate more than $700 million in tokenized Bitcoin assets, including SolvBTC and xSolvBTC, from

The post Transit Finance hack drains $1.88M from cross-chain protocol appeared on BitcoinEthereumNews.com. Latest exploit marks another setback for decentralized finance infrastructure, notably cross-chain systems that have remained a prime target for hackers. Summary Transit Finance lost about $1.88 million in a fresh exploit flagged by blockchain security firm PeckShield. The attack adds to mounting pressure on DeFi protocols and cross-chain aggregators after more than $1 billion in crypto hacks this year. No recovery roadmap or technical post-mortem has been released by Transit Finance as of publication. Transit Finance, a decentralized cross-chain aggregation protocol, suffered an exploit that drained roughly $1.88 million from the platform on May 13, according to blockchain security monitor PeckShield. The breach was first reported by ChainCatcher, citing PeckShield monitoring data. Transit Finance had not issued a detailed public explanation or recovery plan at the time of public

Latest exploit marks another setback for decentralized finance infrastructure, notably cross-chain systems that have remained a prime target for hackers. Transit Finance, a decentralized cross-chain aggregation protocol, suffered an exploit that drained roughly $1.88 million from the platform on May…

Chainlink's growth amid DeFi security concerns highlights its potential as a dominant cross-chain solution, but market volatility remains a risk. The post Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets appeared first on Crypto Briefing.