Aave TVL still down 43% since KelpDAO hack

Aave TVL still down 43% since KelpDAO hack

Aave, one of crypto’s largest lending and borrowing protocols, still hasn’t recovered from the April 18 hack of KelpDAO. Indeed, the value of all crypto assets in its smart contracts is down 43% since the attack, and 67% below its 52-week high. Despite KelpDAO users entrusting $26.4 billion to Aave just prior to the hack — already way down on the October 2025 peak of $45.9 billion — there’s a mere $14.9 billion worth of assets in the ecosystem t…