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Aave Price: TVL Falls $15 Billion After KelpDAO Exploit Leaves Hundreds of Millions in Bad Debt

By Trader Edge at 2026-04-23 06:49

Sentiment: Negative

TLDR Aave’s TVL fell from ~$48.5B to ~$30.7B following the KelpDAO rsETH bridge exploit on April 18 The hack left Aave with an estimated $196M–$280M in bad debt AAVE price is trading around $93, down 7% week-over-week Exchange reserves spiked to 2.39M tokens, suggesting rising sell pressure Rival protocol SparkLend gained ~$1.3B in inflows as [...] The post Aave Price: TVL Falls $15 Billion After KelpDAO Exploit Leaves Hundreds of Millions in Bad Debt appeared first on CoinCentral. Continue reading...

Categories: Analysis

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