Solana DeFi TVL Rebounds Above $6.5 Billion Following Drift Protocol Hack

Solana's total value locked in DeFi has recovered to $6.5 billion, marking a 38% increase over two months. This rebound follows the April 2026 exploit of Drift Protocol, where North Korean-linked hackers stole $285 million by manipulating administrative privileges. The recovery was supported by a $127.5 million commitment from Tether and a total of $150 million in pledged capital. The protocol has since rebranded as Velocity DEX, implementing enhanced security and governance controls.