Pleasing Market is replacing LayerZero with Chainlink infrastructure after conducting an extensive security assessment following the recent $292 million exploit targeting Kelp DAO and LayerZero, according to a Wednesday statement.
With this move, Pleasing Market has become the latest project to move away from LayerZero in favor of Chainlink. The project joins KelpDAO, Solv Protocol, Re, Lombard, and Kraken, all of which have adopted Chainlink’s interoperability solutions.
The tokenized real-world asset platform will retire all LayerZero bridges and standardize on Chainlink CCIP for cross-chain transfers of PGOLD and USDpm. It has also adopted Chainlink Data Streams to provide secure pricing for tokenized precious metals across multiple blockchain networks.
The transition is designed to secure approximately $90 million in total value locked while supporting growth across Arbitrum, Ethereum, Pharos, and future ecosystems, Pleasing Market stated.
The move comes amid heightened industry focus on bridge security, with cross-chain infrastructure continuing to represent one of the most vulnerable segments of decentralized finance.
Pleasing Market said it picked Chainlink CCIP because of its strong combination of decentralization, security, and risk management. The infrastructure is supported by decentralized oracle networks and has facilitated more than $30 trillion in transaction value across the blockchain ecosystem, the team added.
“Bringing the global precious metals market onchain demands infrastructure that eliminates systemic risk. After a careful security review of the full interoperability landscape, it became evident that Chainlink CCIP is the only infrastructure that provides the secure-by-default architecture required to power cross-chain transfers for Pleasing Market,” Pleasing Market CTO Leon Ma said.
According to Chainlink Labs Chief Business Officer Johann Eid, the migration demonstrates the growing adoption of secure-by-default infrastructure for tokenized assets.
“Pleasing Market is now leveraging CCIP’s secure-by-default infrastructure to scale its tokenized assets across the onchain economy,” Eid stated. “As more value moves onchain, the market increasingly standardizes around the infrastructure that institutions, asset issuers, and DeFi protocols can rely on at a global scale.”