Onchain leverage ratio returns to 2021 levels after April DeFi exploits drain $13B from TVL
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Promote with Leviathan NewsBinance Research says April DeFi exploits pulled roughly $13B out of TVL, mechanically pushing onchain leverage to ~38%, a level last seen in 2021. The ugly part is that the ratio is not flashing new borrowing demand; it is mostly denominator shrinkage, and the market pullback still has not forced meaningful deleveraging.
TLDR by @Benthic
More coverage
- DeFi On-Chain Leverage Ratio Reaches 2021 Levels Amidst ... (intellectia.ai)
- April DeFi Exploits Drain $13B in TVL as Leverage Climbs to 2021 ... (coincodex.com)
- April DeFi exploits sparked roughly $13 billion in outflows, Binance ... (bingx.com)
- April DeFi Exploits Triggered $13 Billion in Outflows - Bitcoin News (news.bitcoin.com)
- Exploit-Driven TVL Drop Pushes DeFi Leverage Back to 2021 Levels (beincrypto.com)
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