Solana DeFi TVL Rises 6% From Recent Lows After Drift Exploit

The brief market update says Solana’s DeFi (decentralized finance services) total value locked appears to be recovering following the Drift exploit.

SOL

Summary

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Terms & Concepts
  • DeFi: Short for decentralized finance, a set of blockchain-based financial services that operate without traditional intermediaries.
  • TVL: Total value locked, a metric showing the value of assets deposited in blockchain protocols.
  • Exploit: A security incident in which attackers use a vulnerability in code or protocol design to extract funds or disrupt operations.