According to the report, April was crypto’s worst month on record by number of hacks, while total value locked across major decentralized finance protocols came under pressure.
A report said April became the crypto industry’s worst month on record by number of hacks, adding pressure to total value locked across major decentralized finance (DeFi) protocols. On Solana, Sanctum was the only protocol among the top four by total value locked (TVL, assets deposited in a protocol) to post growth in both Solana’s SOL token and U.S. dollar terms. Its TVL increased 2.47% in SOL and 4.76% in USD, indicating relative resilience as broader DeFi activity faced stress from security-related losses and weaker locked capital trends.