DeFi TVL slides 14% since KelpDAO exploit as risk appetite retreats

60-second summary

DeFi TVL is sliding 14% since the KelpDAO exploit, a breach that exposed new infrastructure risks, leading to a five-week outflow trend. Risk appetite is retreating as investors reassess DeFi's vulnerabilities. TVL has declined significantly, with the sector's total value locked now at a lower point, reflecting a shift in investor sentiment and reduced confidence in DeFi's stability.