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TechFlow reports that, according to CoinDesk, the total value locked (TVL) in ETH lending protocols has declined from its year-to-date peak of $32 billion to $23 billion as of May 19—a drop of approximately 28%. The oracle vulnerability incident involving KelpDAO triggered a market-wide trust crisis, and combined with overall bearish market sentiment, led to roughly $9 billion in capital outflows from the DeFi lending sector.
According to CoinDesk, the total value locked (TVL) in ETH lending protocols has declined from a year-to-date high of $32 billion to $23 billion—a drop of approximately 28%. The oracle vulnerability incident involving KelpDAO triggered a market confidence crisis, and combined with overall bearish market sentiment, led to roughly $9 billion in outflows from the DeFi lending sector.
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