Standard Chartered: DeFi Resilient After $292M Hack, $2T RWA Outlook Unchanged

Standard Chartered affirms DeFi's resilience following the April 18 $292 million rsETH exploit by KelpDAO, which triggered a liquidity crunch on Aave with $17 billion (38%) deposit outflows and $5.5 billion (31%) loan reductions. An industry coalition pledged over $300 million to stabilize the protocol, aiding deposit recovery and yield stabilization. The bank holds its $2 trillion tokenized RWA market forecast by end-2028, viewing the event as a maturation stress test despite ongoing risks like smart-contract bugs hindering institutional adoption.