Balancer ecosystem fork protocol faces liquidity crisis, 24-hour TVL drops by 30%

On-Chain Data Aggregation Platform DeFiLlama’s latest statistics show that the number of Fork protocols built on Balancer V2/V3 across the entire network has reached 29. The total value locked (TVL) of these protocols remains at approximately $60 million. However, since the main Balancer protocol was attacked, this seemingly stable ecosystem is facing unprecedented shocks.

Large-Scale Fund Withdrawal Surge Emerges

In less than 24 hours, the TVL of Balancer Fork protocols has decreased by over 30%, a figure that reflects the level of market panic. The attack triggered a chain reaction—users’ confidence in Fork versions based on the same underlying protocol was severely damaged, leading to a massive withdrawal wave.

Vulnerability of Fork Protocols Exposed

This crisis also revealed the inherent risks within the Balancer Fork ecosystem. Since these 29 Fork protocols all originate from the same codebase, a security vulnerability in the main protocol could cause the entire ecosystem to become passive. Rapid capital outflows further depress the TVL of these protocols, creating a vicious cycle.

Liquidity pressure at the ecosystem level continues to be released, and whether stability can be maintained depends on the progress of Balancer’s official recovery efforts.