A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.
Key Insights
Systemic Risks: The KelpDAO exploit reveals significant vulnerabilities.
ETH Growth: There has been little to no growth in ETH-denominated values.
Stablecoins: Ongoing trends indicate a shift towards stablecoins.
