CoinEx News: DeFi total value locked has fallen roughly 14% since mid-April, declining from about $172 billion to $148 billion, according to The Block on May 26. The drawdown followed the April 18 KelpDAO rsETH bridge exploit, in which 116,500 rsETH, worth about $292 million, was stolen; lending TVL saw the sharpest category decline, falling from about $53 billion to $40 billion.

The sustained five-week outflow shows the KelpDAO incident has become a sector-level risk signal, with capital still reducing exposure to lending and liquid restaking rather than quickly rotating back into DeFi.