You'd think with all the exploits in DeFi, insurance would be huge. It's not. Nexus Mutual remains the only real player with $144m TVL. Everything else like Cover protocol already died. I guess, insuring 4% yields at 1.4% to 2% cost isn't attractive to still retail driven crowd. And now protocols just build their own insurance pools anyway (Aave's $1m deposit insurance). Interesting thing is $NXM trades unlike 99% of alts: it's actually up YTD and manage to 2x since 2023. But is still relatively low at $138M FDV. When institutions fully embrace DeFi, things could change. A good token to put on RealYield watchlist.