DeFi TVL Drops on All Top 20 Chains After KelpDAO Exploit
BeInCrypto
A $292 million KelpDAO exploit has triggered a broad decline in total value locked across the top 20 DeFi chains.Summary
The $292 million KelpDAO exploit on April 18 has triggered a widespread contraction in DeFi Total Value Locked (TVL). By compromising a LayerZero-powered bridge, attackers drained 116,500 rsETH, leading to rapid capital outflows as users reassess risks associated with cross-chain infrastructure and restaking protocols. Major networks, including Ethereum, Solana, and Arbitrum, have seen significant declines, with only Tron and OP Mainnet recording growth amid the market uncertainty.
(Source：BeInCrypto)