DeFi TVL/launches + Chainlink CCIP migration + hacks
Key Questions
What migration is happening in DeFi protocols?
Over $4B in DeFi value has shifted to Chainlink's CCIP post-KelpDAO exploit, with Turtle ($5.5B TVL) switching from LayerZero. Aave also saw $128M USDC exit amid V4 developments.
How is Cap protocol performing in DeFi?
Cap protocol reached $400M TVL in just 9 months through onchain credit offerings. It emphasizes protocols over promises in the current DeFi landscape.
What are the recent DeFi security concerns?
Hacks have led to $328M in bridge losses YTD, shaking institutional confidence. Risks are outpacing yields, with exploits like Map Protocol's quadrillion token mint causing 96% price crashes.
What new DeFi platform is MoonPay launching?
MoonPay is launching a bank-focused DeFi platform to target traditional financial institutions. This comes amid broader efforts to bridge DeFi and regulated banking.
How are stablecoin flows indicating market sentiment?
Tracking stablecoin flows shows a potential risk-off phase as $128M left Aave. This raises liquidity concerns across DeFi protocols.
What milestones has Aave V4 reached?
Aave V4 has hit $75M in supply and continues development. It represents a key evolution amid broader DeFi TVL shifts and exits.
Are there new DeFi launches addressing tradeoffs?
KalqiX mainnet launch aims to end DeFi's 'tradeoff era' by solving user friction issues. DeepBook also unveiled leveraged range trading on Sui Network.
What regulatory or institutional DeFi moves are underway?
European banks are rallying behind a euro stablecoin via Qivalis consortium. Meanwhile, Babylon is preparing a trustless BTC DeFi vault testnet for May.
$4B+ DeFi exodus to Chainlink CCIP post-KelpDAO; Turtle ($5.5B TVL) switches from LayerZero. Aave $128M USDC exit and V4 milestone. Cap protocol hits $400M TVL in 9 months. $328M bridge losses YTD. MoonPay bank-focused DeFi platform launch.