The KelpDAO exploit drained roughly 116,500 rsETH before the assets were deployed as collateral across DeFi protocols, triggering freezes and the buildup of bad debt, much of it concentrated on the lending platform Aave.
Ryan, who had worked for seven years at the Ethereum Foundation (EF), Ethereum's de facto governing body, suggested that Ethereum could be on the cusp of an era-defining shift. Since its founding in 2014, the foundation had prioritized technical upgrades and had avoided centralizing power while its user base was growing, but Ethereum had now grown up, and the cryptocurrency world around it had grown up, too.
Remember back in 2021 when everyone thought a cartoon monkey was the peak of human financial evolution? Well, we have come a long way since then. If you are reading this in 2026, you already know that the "NFTs are dead" crowd was mostly wrong. They were just looking at the wrong things. While the hype around speculative art might have cooled, the actual tech behind digital ownership has grown into a massive, sturdy engine for the global economy.
Tokenization is about bringing real-world financial assets onto infrastructure that can support global scale and continuous market access, said Carlos Domingo, Co-Founder and CEO of Securitize.
Sentiment among DeFi users remains positive heading into 2026, with 72% of respondents globally expressing optimism about the sector's future. U.S. users reported one of the highest confidence levels at 83%, while sentiment across Asian markets was comparatively more muted, with respondents in Singapore (64%), Taiwan (63%) and in Hong Kong (56%).