DeFi’s old hack vectors are fading – But the new risk can hit six chains at once

Decentralized finance has gotten a lot safer over the past six years, and a new review of protocol losses from 2020 through 2025 puts a pretty large number behind that claim.

Industry-wide DeFi losses peaked at $2.62 billion in 2022 and fell roughly 80% to $534 million by 2024. Bridge hacks that once produced billion-dollar headlines now account for a tiny slice of annual totals, and the typical…