Citing BeInCrypto, the DeFi industry experienced a significant decline in total value locked (TVL) across major blockchains, with Ethereum, Solana, Arbitrum, BNB Smart Chain, and Base all recording double-digit drops. Ethereum's TVL fell by 13% to $74.2 billion, while Solana and Arbitrum each lost about 14%, and BNB Smart Chain and Base dropped 10% and 12%, respectively. The decline was exacerbated by security incidents, including a $120 million exploit at Balancer and a $93 million loss at Stream Finance, which led to halted withdrawals and increased scrutiny of DeFi's vulnerabilities.
DeFi Total Value Locked Falls Sharply Across Major Blockchains
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