DeFi TVL Plummets Across Top Chains After KelpDAO Hack

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. A Broad-Based…