Crypto lending TVL climbs to $56B, but bridge risks persist
- —Crypto lending TVL is up over 55% since July to about $56 billion
- —Galaxy Research put Q2 collateralized loan balances at $56.16 billion, down 16.78% quarter-on-quarter
- —The April Kelp DAO bridge exploit drained 116,500 rsETH worth about $292 million
- —Aave Labs said AI tools flagged 71 issues in V3/V4 code, 20 deemed valid
Why it matters: Rising TVL does not guarantee safety: a bridge or oracle failure can drain liquidity from lending protocols, as the rsETH incident showed.
Source: TokenPost