DeFi TVL drops 14% since KelpDAO hack in April

Total Value Locked (TVL) in the decentralized finance (DeFi) sector has fallen by approximately 14% since the KelpDAO hack in April, The Block reported. The total TVL decreased from around $172 billion to $148 billion. The DeFi lending sector saw a notable decline during this period, dropping from approximately $53 billion to $40 billion.