Solana recorded its first $1.1 trillion quarter in Q1 2026, according to Artemis, up about 29% from $850B in Q4 2025 and nearly double Q3 2025's $600B. The network processed 25.3 billion transactions during the quarter, the highest among major blockchains. User activity also climbed. Daily active addresses reached 3.78 million, a 72% jump from the 2.2 million average in Q1 2025. Unique token holders set a new high at 167 million in April. Despite the stronger on-chain metrics, $SOL is trading around $88, down more than 30% year to date and about 65% below its 52-week high of $247 in September 2025. The widening gap between network fundamentals and token performance has become a central theme in crypto markets. Institutional demand is still building. Spot $SOL ETFs now hold more than $1B in AUM, and prospective Fed Chair Kevin Warsh was recently disclosed as a $SOL holder, a stake that would require divestiture.

Aave has seen more than $5.4 billion in ETH leave the protocol as concerns mount over fallout from an rsETH-related exploit. Lookonchain said the Kelp DAO incident left Aave exposed to bad debt after an attacker deposited rsETH and used it to drain ETH. The report has fueled a wave of large-holder withdrawals. Justin Sun reportedly pulled 65,584 ETH, worth about $154 million, from the platform. Amid the rush for exits, Aave's ETH utilization rate has climbed to 100%.

ME News said April 19 (UTC+8) that Lookonchain data shows AAVE fell more than 18% on the day after a KelpDAO vulnerability resulted in bad debt on Aave, prompting heavy selling by multiple whales. Wallet smaugvision sold 20,015 AAVE at an average of $103, receiving 2.06 million USDC. Whale 0xFC56 sold 20,000 AAVE at an average of $103, receiving 2.05 million USDC. Whale 0xA2E4 sold 19,666 AAVE at an average of $99, receiving 505.65 ETH (worth $1.18 million) and 10.11 WBTC (worth $765,000). (Source: PANews)

A major exploit hit the crypto market Saturday night, with an unknown attacker breaching KelpDAO and draining nearly $300 million worth of its liquid staking token, rsETH. Security firm Cyvers said the attacker compromised KelpDAO's bridge contract, then moved quickly to place the stolen rsETH across multiple lending protocols including Aave V3, Compound V3 and Euler. The funds were used as collateral to borrow large amounts of WETH, leaving more than $236 million in outstanding debt. Several protocols, including Aave and SparkLend, responded by freezing certain affected markets. Even so, selling pressure intensified in AAVE, led by large holders. Lookonchain reported multiple whale sales as AAVE began sliding. One wallet labeled "smaugvision" sold $2.06 million worth of AAVE for USDC. Another whale sold $2.05 million, while a third swapped $1.95 million in AAVE for $1.18 million in ETH plus 10.11 WBTC. The token topped out near $120 on Saturday, fell to about $103 as the first wave of selling hit, then dropped to $92, marking a roughly 22% peak-to-trough decline. CoinGecko data show AAVE's market cap has fallen to just over $1.4 billion, pushing it out of the top 50 altcoins by market value.

ChainCatcher reports that Coinglass data show RAVE recorded $50.85 million in liquidations over the past 24 hours. Long liquidations totaled $27.53 million, while shorts accounted for $23.32 million. The largest single liquidation was $105,352. RAVE's seven-day average liquidation volume remains at an extreme level, and its price has moved more than 100.87% today. So far, 60,988 users worldwide have been liquidated.

A KelpDAO exploit has reportedly led to bad debt on #Aave, sending $AAVE down more than 18% today as large holders offload positions. • smaugvision sold 20,015 $AAVE for 2.06M $USDC at an average price of $103. • Whale 0xFC56 sold 20,000 $AAVE for 2.05M $USDC at an average price of $103. • Whale 0xA2E4 sold 19,666 $AAVE (about $1.95M) for 505.65 $ETH (about $1.18M) and 10.11 $WBTC ($765K) at an average price of $99.

$RAVE tumbled 95% in a single day, wiping out roughly $6.3 billion in market capitalization, after allegations surfaced of insider manipulation.

According to ME News, on April 19 (UTC+8), users reported they could not reach Uniswap's governance forum at gov.uniswap.org. After contacting Uniswap, they were told the site had been hit by a large-scale automated traffic campaign originating from certain Tencent Cloud infrastructure IP ranges, with volumes approaching DDoS levels. Uniswap has since blocked those IP ranges to protect site stability. VPN users whose exit nodes fall within the same ranges may also be affected; switching to a different region or a non-Tencent Cloud node is expected to restore access. The attacker's identity and motive remain unclear. (Source: Foresight News)

BlockBeats reported that on April 19, Aave data showed USDT borrowing APY climbed to 14.99%, while the deposit APY surged to 13.39%. A hacker linked to KelpDAO allegedly borrowed a large amount of ETH from Aave using illegally minted rsETH as collateral. Risk concerns triggered urgent withdrawals totaling more than $5.4 billion from the platform. The sharp liquidity outflow is seen as a key driver behind the spike in USDT lending and borrowing rates on Aave.