Wu Blockchain (@WuBlockchain): Binance Research: April DeFi Exploits Triggered $13B Outflows
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Binance Research: April DeFi Exploits Triggered $13B Outflows According to Binance Research, April DeFi exploits triggered around $13 billion in outflows, sharply compressing total value locked (TVL) and pushing the onchain leverage ratio to around 38%, back to 2021 levels. The rise was not driven by a recovery in real borrowing demand, and meaningful deleveraging has yet to materialize despite the recent market pullback.