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Yesterday, there were some strange moves in the DeFi market, and it ultimately blew up. In just two days after the KelpDAO attack, $13 billion worth of DeFi assets crashed.
At first, it seemed like separate incidents, but the ripple effect was bigger than expected. It really shows just how much a security issue at a single protocol can affect overall market confidence.
In this situation, what to keep an eye on is which assets took the hardest hit, and how the market will digest this shock. With $13 billion, it’s definitely not a small figure.
These days, it looks like the DeFi ecosystem may need to strengthen its security monitoring further. It might be a good idea to check the movements of related projects on Gate.