{"id":72653,"date":"2026-05-17T18:03:40","date_gmt":"2026-05-17T18:03:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/defi-confidence-cracks-after-kelpdao-exploit-as-aave-suffers-44-monthly-drop\/"},"modified":"2026-05-17T18:03:40","modified_gmt":"2026-05-17T18:03:40","slug":"defi-confidence-cracks-after-kelpdao-exploit-as-aave-suffers-44-monthly-drop","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/defi-confidence-cracks-after-kelpdao-exploit-as-aave-suffers-44-monthly-drop\/","title":{"rendered":"DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Aave lost $11.6B in TVL after KelpDAO\u2019s $292M exploit rattled DeFi in Apr. 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Defillama data shows 31 of the top 50 DeFi protocols posted TVL losses in 30 days.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Securitize bucked the trend as Lido held $19.2B TVL despite a 13.36% monthly drop.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Defillama Data Shows 31 of Top 50 <span>DeFi<\/span> Protocols Posted Losses in 30 Days<\/h2>\n<p><span style=\"font-weight:400\">A month before the <a href=\"https:\/\/news.bitcoin.com\/zachxbt-flags-280m-kelpdao-exploit-hitting-ethereum-defi-lending-markets\/\">KelpDAO exploit<\/a>, lending protocol Aave held the crown as <span>DeFi<\/span>\u2019s largest application by total value locked (TVL). Archived data from Defillama shows Aave\u2019s TVL stood near <\/span>$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.<\/p>\n<p>Defillama\u2019s <a href=\"https:\/\/defillama.com\" target=\"_blank\" rel=\"noopener noreferrer\">records<\/a> show the damage spread far beyond a single protocol. Between April 16 and May 16, nine of the top ten <span>DeFi<\/span> applications posted declines in TVL. Lido, which now occupies the sector\u2019s top <span>pos<\/span><span style=\"font-weight:400\">ition, recorded a 13.36% drop over the last 30 days, though the <span>liquid staking<\/span> platform still commands roughly $19.289 billion in TVL this weekend.<\/span><\/p>\n<figure id=\"attachment_814740\" aria-describedby=\"caption-attachment-814740\" style=\"width:1696px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-814740\" class=\"wp-caption-text\">Total value locked (TVL) in <span>DeFi<\/span> this weekend, according to defillama.com stats.<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">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 <span>DeFi<\/span> sector reeled from the aftermath of April\u2019s <span>DeFi<\/span> breaches. <\/span><\/p>\n<p><span style=\"font-weight:400\">Binance Staked <span>ETH<\/span>, which currently ranks as the third-largest <span>DeFi<\/span> protocol by value locked, shed 7.47% over the past month and now holds approximately $8.055 billion in TVL. Meanwhile, Morpho, a lending protocol operating across a myriad of <span>blockchain<\/span> netw<\/span>orks, posted a milder 1.33% monthly decline and currently holds about $7.464 billion, placing it fourth among <span>DeFi<\/span> applications by TVL.<\/p>\n<p>Eigencloud took a heavy hit over the last month, dropping 27.11%, though the <span>restaking<\/span> protocol still rounded out the top five <span>DeFi<\/span> applications with roughly $7.116 billion in value locked. The remainder of the top ten <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> protocols largely moved in the same direction, with nearly every major platform posting declines over the past month.<\/p>\n<p>The lone exception was <a href=\"https:\/\/news.bitcoin.com\/securitize-gets-finra-approval-to-broaden-tokenized-securities-operations\/\">Securitize<\/a>, the real-world-asset ( <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-real-world-assets-rwa\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">RWA<\/a>) platform that managed to avoid the broader downturn. Meanwhile, Sky, Ethena, Spark, and Ether.fi all recorded monthly losses.<\/p>\n<p>Beyond the sector\u2019s biggest names, the weakness spread across much of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">decentralized finance<\/a>, as 31 of the top 50 <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> protocols by total value locked recorded losses over the past month.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/defi-confidence-cracks-after-kelpdao-exploit-as-aave-suffers-44-monthly-drop\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Aave lost $11.6B in TVL after KelpDAO\u2019s $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. Defillama Data [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":72654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72653"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72653"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72654"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}