Why DeFi isn't dead despite massive exploits and $13 billion investor exodus

Why DeFi isn't dead despite massive exploits and $13 billion investor exodus

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailWhy DeFi isn't dead despite massive exploits and $13 billion investor exodusA $292 million exploit and $13 billion TVL drop looks catastrophic on the surface, but the data tells a different story.By Oliver Knight|Edited by Nikhilesh De Apr 26, 2026, 4:00 p.m. Make preferred on DeFi is battered and bruised, but not dead (Unsplash)What to know: KelpDAO's $292 million exploit triggered $13 billion in DeFi TVL losses, but much of that was leveraged positions unwinding — not real capital destruction.Spark TVL jumped from $1.8 billion to $2.9 billion over the weekend as users moved away from Aave.DeFi has survived larger hacks — Ronin, Wormhole, Poly Network — but the exploit will raise risk premiums for onchain systems whose attack surface no

Source: https://www.coindesk.com/business/2026/04/26/why-defi-isn-t-dead-despite-massive-exploits-and-usd13-billion-investor-exodus