Is that really a fact, that 10% of the value locked into DeFi was stolen this year? I would think that most of the TVL would accrue to the more blue chip protocols (Aave, Uniswap, Compound, etc.) and to my knowledge these haven't been affected much by these big hacks.
DeFi Pulse says there's just under $100B in TVL. [1] About $10B was lost and stolen this past year depending on where you look - $7.7B according to this article, but I saw $10B circulating too.
I don't think DefiPulse has everything. Here's a few more off the top of my head, though I'm sure there is more:
- $5.5 billion (TVL on Eth L2s via L2Beat)
- $4 billion (ETH 2.0 staking contract)
- $17 billion (Polkadot staking)
- $16.5 billion (Cardano staking)
- $36 billion (Solana staking)
The article's figures include the centralized Turkish exchange which made off with ~2.6B , so I don't think it's fair to consider it the same kind of thing.
> Rug pulls have emerged as the go-to scam of the DeFi ecosystem, accounting for 37% of all cryptocurrency scam revenue in 2021
So 37% of $7.7 billion is $2.849 billion.
> All in all, rug pulls took in more than $2.8 billion worth of cryptocurrency from victims in 2021.
> It’s important to remember that not all rug pulls start as DeFi projects. In fact, the biggest rug pull of the year centered on Thodex... In all, users lost over $2 billion worth of cryptocurrency, which represents nearly 90% of all value stolen in rug pulls. However, all the other rug pulls in 2021 began as DeFi projects.
The graph shows $2.6 billion was lost with Thodex. So that leaves $0.249 billion that was lost in projects that were rug pulls that began as DeFi projects.
