Grove Finance

Grove Finance, a multi-chain capital allocator, saw its total value locked crash 27.4% to $1.4 billion in a single day, with losses accelerating over the past week. The cause of the sharp withdrawal remains unclear and warrants investigation.

Grove Finance's total value locked surged 16.9% to $3.02 billion on May 11, marking solid single-day growth for the multi-chain capital allocator. The driver of the inflow is not immediately clear, though it may reflect user demand for the protocol's yield strategies or broader market recovery.