A $293 Million Hack Wiped $8 Billion From Aave Crypto TVL: Is the DeFi Protocol in Crisis?

Aave crypto is bleeding. The DeFi lending giant has shed nearly 21% over seven days, with AAVE trading around $90–$91 after a weekend that exposed just how quickly contagion spreads through interconnected DeFi protocols. Volume spiked 50.20% to $539.45M in 24 hours, but that’s panic volume, not accumulation. Whether this selloff represents a buying opportunity or the start of a deeper unwind depends entirely on…