The total value locked (TVL) in decentralized finance (DeFi) has decreased by 14% to $148 billion following the KelpDAO cross-chain bridge attack in mid-April. The attack exploited vulnerabilities in off-chain infrastructure, resulting in a theft of approximately $292 million. This incident has highlighted new risks within the DeFi ecosystem. Lending protocols experienced the most significant impact, with lockups falling from $53 billion to $40 billion. Liquidity restaking protocols also saw notable declines, contributing to the overall reduction in DeFi TVL.