DeFi TVL Plummets Across Top Chains After KelpDAO Hack

DeFi TVL Plummets Across Top Chains After KelpDAO Hack

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News The fallout from the $293 million KelpDAO exploit over the weekend has spread across the DeFi ecosystem, with Total Value Locked (TVL) across several chains dropping significantly in the last 24 hours. According to data from on-chain analytics platform DeFiLlama, at least 126 of the networks it tracks were in the red, with CosmoHub the hardest hit, having lost more than 1,500% of its TVL in that period. Pseudonymous analyst Vet brought attention to the decline, writing in a post on X that TVL was going down on all the top 20 DeFi chains. “Money is exiting,” they noted, adding that people were “repricing the ri

Source: https://cryptopotato.com/defi-tvl-plummets-across-top-chains-after-kelpdao-hack/