"Aave lost $11.6B in TVL after KelpDAO's $292M exploit rattled DeFi in Apr. 2026. Defillama data shows 31 of the top 50 DeFi protocols posted TVL losses in 30 days. Securitize bucked the trend as Lido held $19.2B TVL despite a 13.36% monthly drop."
"Archived data from Defillama shows Aave's TVL stood near $26.577 billion on March 17, 2026. After the April 18 KelpDAO incident, however, the protocol lost its lead and has since slipped behind Lido in the rankings. Defillama's records show the damage spread far beyond a single protocol."
"Between April 16 and May 16, nine of the top ten DeFi applications posted declines in TVL. Lido, which now occupies the sector's top position, recorded a 13.36% drop over the last 30 days, though the liquid staking platform still commands roughly $19.289 billion in TVL this weekend."
"Aave now holds roughly $14.77 billion in total value locked after absorbing a punishing 44% decline over the last 30 days. In raw dollar terms, that means approximately $11.605 billion exited the protocol during the past month as the broader DeFi sector reeled from the aftermath of April's DeFi breaches."
Aave lost $11.6B in total value locked after the KelpDAO $292M exploit in April 2026 triggered broad DeFi TVL declines. Defillama data shows 31 of the top 50 DeFi protocols recorded TVL losses within 30 days. Aave’s TVL fell from about $26.577B on March 17, 2026 to roughly $14.77B after a 44% decline, causing it to slip behind Lido. Lido held the top position with about $19.289B TVL despite a 13.36% monthly drop. Nine of the top ten DeFi applications declined between April 16 and May 16. Binance Staked ETH, Morpho, and Eigencloud also posted monthly declines, with Eigencloud down 27.11%.
Read at news.bitcoin.com
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