Wall Street Reenters DeFi Amid Security Concerns
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Despite a 14% drop in total value locked (TVL) from $172 billion to $148 billion and $635 million in exploit losses in April, institutional interest in DeFi tokens is resurging. Coinbase Ventures and Janus Henderson have taken strategic positions in Ethena's ENA token, while Morpho closed a $175 million funding round. This dichotomy suggests that major investors are betting on long-term value, viewing current security issues as growing pains rather than existential threats. The influx of traditional finance capital could signal a maturation phase for DeFi, where risk management and robust protocols become paramount.
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