DeFi Exclusive Security Synopsis 2020
Explore DeFi's explosive growth, vulnerabilities, and the critical role of smart contract auditing in mitigating risks. Insights into trends, attacks, and solutions.
A quick summary
01
$2.3 billion were lost to various scams, hacks, and cyber-attacks.
02
20 percent of hacks in 2020 belonged to the DeFi ecosystem which amounts to $98 million.
03
It skyrocketed by 380% from the end of Q2 2020 and topped $10 billion in September 2020
04
There has been an increase of $1 billion in the total value locked in the DeFi ecosystem which equals an increase of 147% during H1 2020.
05
In June of 2020, the Total Value Locked in USD for the DeFi ecosystem stood at 1 billion and jumped to more than 1.6 billion in just a matter of 2 weeks, showing unfathomable growth
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