Exploit-Driven TVL Drop Pushes DeFi Leverage Back to 2021 Levels

On-chain leverage ratio across Decentralized Finance (DeFi) has climbed to levels last seen in 2021, according to Binance Research. While the metric may suggest elevated risk, the increase was driven largely by a decline in total value locked (TVL) rather than a surge in borrowing demand. What Pushed DeFi Leverage to 2021 Levels The on-chain
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