🔥On-chain sudden event｜Stellar’s 5-day TVL plunges 60%, crashing from $270M to $98M—originating from a Blend protocol vulnerability
From August 22–27, Stellar DeFi’s locked value fell rapidly from $270M to $98M, a 60% drop.
The spark: The underlying Comet AMM protection pool in Blend was hit by a vulnerability attack, resulting in losses of about $717,000. The project team urgently paused the protection pool. Blend’s own TVL, which stood at $150M, nearly went to zero, directly dragging down the entire chain’s DeFi data.
$XLM
From August 22–27, Stellar DeFi’s locked value fell rapidly from $270M to $98M, a 60% drop.
The spark: The underlying Comet AMM protection pool in Blend was hit by a vulnerability attack, resulting in losses of about $717,000. The project team urgently paused the protection pool. Blend’s own TVL, which stood at $150M, nearly went to zero, directly dragging down the entire chain’s DeFi data.
$XLM
