
Ethereum stablecoin market shrinks 19% after $292M KelpDAO hack, liquidity tightens in DeFi.
The Ethereum stablecoin and tokenized fund market has contracted by 19%, dropping from $206.7 billion to about $168 billion since the KelpDAO hack in April 2026. Attackers exploited a single LayerZero verifier node to mint $292 million in unbacked to...





