Solana, Mantle, and BSC attracted a combined $1.15 billion in net capital inflows via cross-chain bridges over the past seven days, a sign of significant capital rotation as the broader decentralized finance market reels from recent security exploits.
Data from the analytics platform DefiLlama shows this movement points to a potential flight to ecosystems perceived as having lower exposure to the recent contagion. The inflows stand in sharp contrast to the broader market trend, which has seen billions of dollars in value exit DeFi protocols in the last month.
Solana led the trio with $553.16 million in net inflows over the seven-day period. Mantle, an Ethereum layer-2 network, secured the second-highest inflow with $367.34 million, while BSC (BNB Smart Chain) registered $224.11 million in new capital. This influx comes as total value locked (TVL) in the DeFi sector has contracted, with Ethereum-based protocols losing nearly 18 percent of their value in the past month after a series of hacks, including the $292 million Kelp DAO exploit on April 18.
The data suggests investors may be re-evaluating risk and moving assets away from Ethereum's restaking ecosystem, which was heavily affected by the recent security breaches. Chains like Arbitrum have seen double-digit percentage drops in TVL. The capital flight into Solana, Mantle, and BSC could boost liquidity for their respective DeFi ecosystems, potentially supporting the price of native tokens like SOL, MNT, and BNB as the new capital is deployed.
This article is for informational purposes only and does not constitute investment advice.
