DeFi losses are now 8,500% higher than TradFi breaches per dollar moved

I believe the hardest question for DeFi in 2026 is whether the original dream is still alive. The collective bargain was simple. Users would hold their own keys. Code would execute the rules. Markets would stay open. Ledgers would be visible. Intermediaries would lose power because financial services could run on public smart contracts rather than private balance sheets. That framing explains why decentralized financ…