DeFi's $20B TVL drop is a stress-test, not a death knell!

DeFi Technologies president Andrew Forson is pushing back hard against the wave of obituaries for decentralized finance, arguing that critics fixating on a $20 billion TVL decline and headline hacks are missing the sector's structural growth story. Stablecoins held over $150 billion in U.S. Treasuries by end-2025 — more than Saudi Arabia or Germany — backing USDT and USDC with transaction volumes growing 20% to 30% month-over-month.

Blockchain intelligence firm Chainalysis estimates stablecoins moved more than $35 trillion last year, with projections pointing toward $730 trillion by 2035. Forson also notes that neither Bitcoin nor Ethereum's core networks, nor USDC or USDT themselves, have suffered protocol-level breaches — the exploits making headlines target peripheral bridge contracts, not the base layer.