50% of the DeFi TVL is gone since October 📉

And this happens because we are tired of these exploits.
> Thorchain ( $RUNE ) on May 15
> Echo Protocol today on Monad ( $MON )
The attacker minting 1k eBTC, borrowing WBTC against a portion of it, and funneling around $821.7K in ETH through Tornado Cash.
👉 HACKS DON’T END WITH THE HACK
Every exploit creates a second wave. First, the protocol loses funds.
Then users start asking:
“Where else am I exposed?”
That is when withdrawals begin, LPs pull back, yields collapse, and the TVL chart starts falling again.
KelpDAO showed this clearly in April. One major hack, then nearly $13B left DeFi in 48 hours.
Now we have seen three hacks in four days.
You can imagine what the market is thinking.
👉 THE WEAK POINTS ARE BIGGER THAN CODE
The uncomfortable part is that DeFi’s risk is not only smart contracts.
40% of major bridge validators reportedly run on the same three cloud providers.
So while the front-end looks decentralized, some of the backbone still depends on the same choke points.
That is not a small problem.
👉 THIS IS WHY BIG MONEY HESITATES
JPMorgan called hacks the main barrier to institutions entering DeFi. And honestly, can you blame them?
40+ protocols have already shut down in 2026. DeFi still has the vision.
But right now, the market is not asking “where is the yield?”
It is waiting for survival