Key Takeaways:
KelpDAO exploit drained $300M+ on Apr. 18, hitting Aave with bad debt and freezes. Defillama data shows DeFi TVL fell $14.17B to $85.32B, signaling system-wide stress. Lido leads TVL as Aave drops 32.44%, while RWA and liquid staking post 7-day gains. KelpDAO Fallout Pressures DeFi Markets, Billions Exit in 24 HoursLosses continued with Merlinswap down 42.4% and Overnight Finance falling 40.13%, while Sentora posted a 38.52% decline. Abracadabra dropped 33.42% and Apebond fell 33.34%, and Vectis Finance took a 30.69% hit.
Re7 Labs shed 30.09%, followed by Kumbaya at 28.41%, Treehouse at 26.46%, and Dolomite at 24.7%. The wrath this week was harsh to say the least, and the KelpDAO exploit only exacerbated the matter.
