defillama

The founder of DefiLlama, 0xngmi, announced the launch of a new off-chain proof/verification service, which will be used to verify and audit off-chain data, including information such as bank account balances, to help projects achieve reliable verification of real-world assets and other off-chain data.

DefiLlama data shows that the second quarter of 2026 has become the most active period for recorded cryptocurrency hacking attacks, with a total of 83 independent attack incidents, setting a historical high. Despite the increase in attack frequency, the total losses for the quarter were approximately $755.3 million, still lower than the $3.56 billion in the fourth quarter of 2020.Among these, the $293 million attack on KelpDAO and the $280 million attack on Drift Protocol accounted for more than three-quarters of the total losses for the quarter. Cross-chain bridges were the largest source of losses, with related attacks resulting in approximately $351 million stolen.Earlier this month, Humanity Protocol lost $36 million, Aztec Connect's passive smart contracts faced two attacks, each resulting in losses of about $2.1 million, and the decentralized exchange Raydium experienced a $1.3 million attack in June.

According to data from DefiLlama, Gate has seen a net inflow of over $478.16 million in the past 7 days and over $387.56 million in the past 30 days, consistently ranking first among global centralized exchanges.

According to data from DefiLlama, the supply of stablecoins has reached a historic high, exceeding $32.3 billion.

According to DeFiLlama, despite a decline in perpetual contract trading volume compared to earlier this year, Hyperliquid still maintains its market leadership, with monthly trading volume at least twice that of the second-ranked public chain. In May, Solana has risen to become the second-largest public chain in perpetual contract trading volume, with a market share exceeding 10%.

According to a post on the DL News official website, DL News announced that it will officially close at the end of May 2026. The media was established in 2022 as the news department of the on-chain data platform DefiLlama, dedicated to providing independent and high-quality cryptocurrency news coverage. However, internal conflicts at DefiLlama in early 2023 led to a practical separation, causing DL News to lose traffic support from its parent platform; subsequently, the overall traffic for cryptocurrency and technology media significantly shrank, and the proliferation of AI further accelerated the collapse of search distribution channels.Although its business research department DL Research achieved a 270% revenue growth and surpassed seven figures in annual sales in 2025, it was still insufficient to support overall operations. The team officially notified employees on May 1 that the company would close.

According to Cointelegraph, DefiLlama data shows that there have been 518 hacking incidents in the crypto space over the past 10 years, with total losses exceeding $17 billion, a significant portion of which is related to private key leaks, phishing, and other credential-based attacks.As smart contract security continues to improve, attackers are increasingly turning to wallet security, signature infrastructure, development tools, and user operations. Recently, the rsETH cross-chain bridge of Kelp DAO was attacked, resulting in approximately 116,500 rsETH being stolen, valued at about $290 million to $293 million at the time.

DefiLlama founder 0xngmi posted on platform X, stating that after verifying the data, if the funds seized by Arbitrum are prioritized for use in the AAVE market on Arbitrum, Aave will have no bad debt on Arbitrum under the condition that all rsETH share the depreciation.In a scenario where only the value of the mainnet rsETH is guaranteed (ignoring the value of the mapped version of rsETH on Layer 2), Aave will reduce bad debt on Arbitrum by 80%, from $88 million to $17 million.

DefiLlama founder 0xngmi posted on the X platform stating that the current claims about Aave's TVL being overestimated due to circular borrowing are inaccurate.He explained that in the TVL statistics, borrowed assets are excluded, so circular borrowing does not inflate the total locked value. For example, deposited assets count towards TVL, while the corresponding borrowed portion is offset. He also added that DefiLlama had previously removed duplicate calculations caused by collateral loops related to Ethena, believing that the related doubts are unfounded.

DefiLlama founder 0xngmi posted on the X platform stating that there is currently an immediate liquidation risk for positions without WETH. weETH is close to the liquidation price on Aave, but all these loans are collateralized by ETH, so they are safe unless interest rates rise sharply.

According to DL News citing DefiLlama data, cryptocurrency startups raised nearly $5 billion in the first quarter of 2026, a year-on-year decrease of 16%. However, the investment ecosystem continues to evolve, with funding shifting significantly from speculative tokens to practical sectors such as payments and trading infrastructure. Among them, the prediction market sector leads with over $1.7 billion, while payments and trading infrastructure attracted $735 million and $423 million, respectively. Top non-crypto institutions such as Sequoia Capital, Founders Fund, Bain Capital, and Alibaba are also accelerating their entry.The top ten financing projects in Q1 are as follows: • Kalshi: $1 billion, valuation of $22 billion, led by Coatue Management, CFTC-regulated prediction market leader • Polymarket: $600 million, investment from Intercontinental Exchange (ICE), leading decentralized prediction market platform • Rain: $250 million Series C, valuation of nearly $2 billion, led by Iconiq Capital, stablecoin payment infrastructure • BitGo: $213 million, NYSE IPO, valuation of over $2 billion, crypto custody institution • Flying Tulip: $206 million, public token sale, led by DeFi architect Andre Cronje, integrating trading/lending/insurance • Whop: $200 million, Tether.

According to data from DefiLlama, in the first quarter of 2026, hackers stole over $168.6 million in crypto assets from 34 decentralized finance (DeFi) protocols, a significant decrease from $1.58 billion during the same period in 2025, when the high losses were mainly due to the $1.4 billion theft incident from Bybit.The largest single attack this quarter was the private key leak incident at Step Finance in January, resulting in a loss of approximately $40 million; followed by the attack on Truebit due to a smart contract vulnerability on January 8, resulting in a loss of $26.4 million in Ethereum; and third was the private key theft incident at stablecoin issuer Resolv Labs on March 21.

According to DefiLlama data, Gate had a net capital inflow of over 95.19 million USD in 7 days, ranking first in the world.

Defillama data shows that in March this year, the overall trading volume of DEX reached $202 billion, almost falling back to the level of March last year ($251.3 billion); in March, the trading volume of Solana DEX reached approximately $57.3 billion, dropping to the lowest point since September 2024.

Bybit announced that it will co-host an online live broadcast today on the Bybit official website and X platform with DefiLlama Research (DL Research), reviewing the "2025 World Cryptocurrency Application Index Report" previously released by both parties.It is reported that this live broadcast will be participated by Bybit's Chief Market Analyst Han Tan and the DL Research research team members Seb and Stan. The core topics will focus on the recent dramatic changes in the global situation and the trends in the cryptocurrency market, with a particular emphasis on the performance and resilience of cryptocurrencies in geopolitical conflicts, the current development status of the stablecoin ecosystem, new trends in RWA and tokenization applications, as well as the specific performance of the Middle Eastern market, represented by the UAE, under the current geopolitical "stress test."

According to data from DeFiLlama, Huobi HTX has climbed to 6th place globally in the Clean Assets (excluding platform tokens) ranking, achieving the best ranking in the platform's history. This metric aims to objectively reflect the true strength of exchanges in terms of on-chain transparent asset reserves. Additionally, Huobi HTX has seen a net inflow of funds reaching $346 million in the past month, second only to Binance, ranking it as the second globally, indicating its recent market popularity and continuous capital attraction.

According to DeFiLlama data, the top two trading platforms for net capital inflow in the past 24 hours are Bitget ($126 million) and Bybit ($108 million).

According to DefiLlama data, Binance has seen a net inflow of over $3 billion in the past 7 days, currently reaching approximately $3.364 billion.

DefiLlama officially announced on the X platform that the native stablecoin MegaUSD (MUSD) of MegaETH has been launched on the platform's stablecoin tracking dashboard.Data shows that the market capitalization of MegaUSD (MUSD) is currently reported at 6.1 million dollars.

The well-known DeFi data platform DefiLlama announced the acquisition of the crypto OTC data provider Bulletin, which will enable the company to offer more refined secondary market valuation data for private cryptocurrency companies.It is reported that Bulletin is an OTC trading data company that aggregates data from multiple over-the-counter brokers, aiming to connect buyers and sellers of crypto company stocks and tokens. It was founded by David Mirzadeh, the Chief Operating Officer of the NEAR Foundation, in 2023.