Ethereum Lending Protocol TVL Drops 28% From $32B Peak to $23B Since Year Start

ETH0.25%

According to CoinDesk, Ethereum lending protocol total value locked (TVL) has declined from $32 billion at the start of 2026 to $23 billion, representing a 28% drop. The decline reflects approximately $9 billion in net outflows from the DeFi lending sector, triggered by the KelpDAO oracle vulnerability incident and broader market sentiment deterioration.

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