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April marked the most challenging month for DeFi in terms of loss volume, according to Memento Research., 2026/04/21 11:40:34
April has been recorded as the most challenging month in the history of decentralized finance (DeFi) regarding loss volume. According to analysts at Memento Research, since the beginning of 2026, the sector’s losses have reached $795 million.
Experts have described the current state as a “prolonged security crisis.” Their findings indicate that losses were unevenly distributed but maintained a consistent trend.
In January, losses were approximately $86 million, primarily linked to vulnerabilities in smart contracts. In February, these losses decreased to around $27 million amid attacks on bridges and oracles. March saw an additional loss of about $52 million due to exploits affecting stablecoins and lending protocols.
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April accounted for roughly $630 million in losses, marking a record monthly figure.
The primary contributors were attacks on the Drift and Kelp DAO protocols, which collectively resulted in losses nearing $600 million. Analysts estimate that these incidents represented up to 95% of the month’s total losses.
Researchers advise reconsidering the viability of holding capital in DeFi protocols amid declining yields, reviewing permissions granted to crypto wallets, enhancing operational security measures, and avoiding asset concentration within a single market segment.
Previously, the co-founder of the DefiLlama platform, under the pseudonym 0xngmi, proposed three scenarios for navigating the crisis following the attacks on Kelp DAO and Aave, which led to significant losses and liquidity outflows.
