Cryptocurrency
fromnews.bitcoin.com
8 hours ago$14B Vanishes From DeFi Ecosystem After KelpDAO Exploit Rocks Lending Markets
KelpDAO exploit caused $300M loss, triggering widespread withdrawals and a $14.17B drop in DeFi total value locked.
Users and developers have continued to flock to Solana, in part due to the fact that this network can handle thousands of transactions per second, at a fraction of the cost of competing networks. I'm of the view that these trends will continue to hold for the foreseeable future, though given the rate of innovation and technological development within the crypto sector, it's also entirely possible that a competing network begins to take market share over time.