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 through a compromised LayerZero-powered cross-chain bridge. Data from DefiLlama shows Ethereum, which dominates 53.91% of all DeFi TVL, lost 17.91% of its locked value in the past month. The chain now holds $46.17 billion, down from over $56 The post DeFi TVL Drops on All Top 20 Chains After KelpDAO Exploit appeared first on BeInCrypto.