Aave Restores WETH LTV Ratios Across Six Networks as rsETH Recovery Progresses
first published 2026-05-17T17:30:52Z
Following the April 18, 2026 KelpDAO $292M exploit, DeFi saw heavy outflows: Aave’s TVL fell from ~$26.58B (Mar 17) to ~$14.77B — a ~44% (~$11.605B) decline between Apr 16 and May 16. Lido rose to the top with ~ $19.289B TVL despite a 13.36% monthly drop. Binance Staked ETH (~$8.055B), Morpho (~$7.464B) and Eigencloud (~$7.116B) hold sizable TVLs. Overall, 31 of the top 50 DeFi protocols by TVL lost value over the 30-day window; RWA platform Securitize was an exception. Data: DefiLlama.
AI Analysis
The summary links a $292M KelpDAO exploit (Apr 18) to broad DeFi outflows and provides concrete TVL changes: Aave down ~44% (~$11.605B) between Apr 16–May 16, Lido at ~$19.289B (−13.36% monthly), and 31 of top 50 DeFi protocols showing losses; data source cited as DefiLlama.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- DeFi Confidence Cracks After KelpDAO Exploit as Aave Suffers 44% Monthly Drop - Bitcoin.com
- WETH markets return to normal operations on Aave amid rsETH recovery progress - Cointelegraph
- Clarity in a K-Shaped Economy – Week in Review - Bitcoin.com
- Aave restores WETH borrowing as Kelp DAO recovery moves ahead - Crypto News
- Aave Restores WETH LTV Ratios Across Multiple Networks as Part of rsETH Recovery Plan - The Defiant
