Aave TVL Slides 44% After $292M KelpDAO Exploit, DefiLlama Shows Broad DeFi Losses

Following the $292 million KelpDAO exploit on April 18, 2026, DeFi activity weakened across major protocols. DeFiLlama data indicates Aave's total value locked fell 44% over 30 days to about $14.77 billion, a roughly $11.605 billion reduction, while 31 of the top 50 protocols posted TVL declines in the same period.