Aave records $6 billion TVL drop as Kelp hack exposes structural risk at DeFi lender
Aave just watched $6.6 billion walk out the door, and it’s not because anyone hacked Aave. The protocol’s total value locked dropped from $26.4 billion on April 18 to nearly $20 billion in U.S. morning hours on Sunday, per DefiLlama. The AAVE token fell 16% to $92, and daily fees spiked to $1.99 million as
