DeFi Total Value Locked Falls 14% to $148 Billion After KelpDAO Bridge Exploit

DefiLlama data showed decentralized finance total value locked fell about 14% to roughly $148 billion five weeks after the KelpDAO bridge attack, down from about $172 billion in mid-April. The lending sector also contracted sharply, with total value locked dropping from $53 billion to $40 billion. The report said outflows continued for five weeks, indicating sustained capital withdrawals across the DeFi market.

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