DeFi TVL Drops on All Top 20 Chains After KelpDAO Exploit
The selloff accelerated after the $292 million Kelp DAO exploit on April 18, which drained 116,500 rsETH by way of a compromised LayerZero-powered cross-chain bridge. Data from DefiLlama exhibits Ethereum, which dominates 53.91% of all DeFi TVL, misplaced 17.91% of its locked worth prior to now month. The chain now holds $46.17 billion, down from…
