Ethereum Leads 7-Day TVL Declines After KelpDAO Exploit and DeFi Stress

The source says Ethereum posted a 17.73% drop in total value locked, followed closely by Hyperliquid at 17.68%, with Arbitrum and Solana also recording declines.

Summary

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Terms & Concepts
  • TVL (total value locked): A DeFi metric showing the total value of crypto assets deposited in protocols on a blockchain.
  • DeFi (blockchain-based financial services): Financial applications built on blockchain networks, typically using smart contracts (self-executing blockchain code).
  • Exploit: A security incident in which an attacker uses a vulnerability to extract funds or disrupt a crypto protocol.