The $13 billion DeFi wipeout in two days, and it started with KelpDAO attack

Decline in TVL
The total value locked (TVL) in various lending and yield protocols has been on a downward trend lately. Popular protocols such as Compound, Aave, and MakerDAO have seen a double-digit percentage decline in their TVL. This sudden decline can be attributed to the recent market crash and the overall bearish sentiment in the crypto space.
Impact on Token Prices
While the decline in TVL is concerning, the impact on token prices has been relatively limited. Many of the tokens associated with these protocols, such as COMP, AAVE, and MKR, have only seen a slight decrease in price. This can be seen as a positive sign, as it shows that investors still have confidence in these projects despite the decline in TVL.
Reasons for the Decline
There are a few reasons for the decline in TVL. First, the recent market crash has caused many investors to pull out of their positions and move to more stable assets. This has resulted in a decrease in the overall demand for lending and yield protocols. Additionally, with the rise of newer protocols and platforms, some users may have shifted their funds to other platforms, leading to a decrease in TVL for these established protocols.
Future Outlook
Despite the current decline, many experts believe that the TVL in lending and yield protocols will bounce back in the near future. As the market stabilizes and confidence returns, investors may start pouring back into these protocols, driving up the TVL once again. Additionally, with the increasing popularity of DeFi and the potential for these protocols to disrupt traditional finance, the long-term outlook for these platforms remains positive.
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Sentiment Result: Negative