Aave Experiences Ongoing $840 Million TVL Decline After KelpDAO Hack, Dropping More Than 30%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
0mins
Source: moomoo
Impact of the Hack: The Kelpie DAO hack resulted in losses estimated between $177 million to $200 million for Aave, leading to significant financial repercussions.
Whale Withdrawals: Following the incident, a notable number of whales withdrew funds from Aave for precautionary reasons.
Decrease in Total Value Locked (TVL): Aave's Total Value Locked (TVL) decreased by approximately 31.7%, dropping from around $26.4 billion to about $18 billion post-incident.
Data Source: The information regarding the impact and financial changes was reported according to Defillama data.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
