At the time of this report, the TVL stood at approximately $705 million, and there was no apparent downward trend.
However, a noticeable decline was observed in the platform’s transaction activity. The average daily transaction count on the platform was around 1,500 transactions, but on 20 September, the day of the hack incident, it dropped to approximately 700 transactions.Balancer revealed that it concluded trading on 20 September with a price decline of over 1%. Furthermore, there was a notable surge in trading volume, primarily driven by selling pressure.
At the time of this update, Balancer was trading with a modest profit of less than 1%, hovering around $3.2. Additionally, it remained entrenched in a bearish trend, as evidenced by its Relative Strength Index .
Source: News Formal (newsformal.com)