April DeFi Exploits Trigger $13 Billion in Outflows, Onchain Leverage Hits 2021 Levels

ZRO6.79%
AAVE1.83%
According to Binance Research, April DeFi exploits triggered approximately $13 billion in outflows, pushing onchain leverage to roughly 38%—a level matching 2021 conditions. A near $300 million KelpDAO exploit via Layerzero served as the primary catalyst, sparking a 44% monthly drop in Aave's value locked as depositors rushed for exits. The month saw over 20 separate exploits across the sector.
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