Aave's TVL Declines Amid Kelp Hack, AAVE Stays Above $90

The DeFi ecosystem has been affected by recent hacks and governance tensions, leading to a decline in Total Value Locked (TVL) for several protocols.

Aave's TVL dropped 33% over the past week, from $34 billion in January to $16.7 billion, according to DeFiLlama data.

However, AAVE, the native coin of the Aave ecosystem, remains stable and could see a short-term recovery if momentum strengthens.