DeFi TVL slides 14% since KelpDAO exploit as risk appetite retreats
The Block
DeFi total value locked has dropped 14% since the April KelpDAO exploit, reflecting a broader withdrawal of capital and declining investor risk appetite.Summary
Total value locked (TVL) in DeFi has decreased by approximately 14%, falling from $172 billion to $148 billion since the KelpDAO bridge exploit on April 18. The incident, linked to the Lazarus Group, involved the theft of $292 million via an off-chain infrastructure compromise. This event triggered a sustained capital outflow across the sector, particularly within lending and liquid restaking protocols, as investors shift toward risk-off sentiment in the wake of the vulnerability.
(Source：The Block)