DeFi Tokenized RWA Use Returns to About $3.77 Billion After KelpDAO Exploit

Active use of tokenized real-world assets in DeFi has returned to about $3.77 billion, nearly reaching the level seen before the April 18 KelpDAO exploit. According to NS3.AI, DefiLlama tracking shows the recovery took roughly 95 days from the shock to July 22. The exploit released about $292 million in unbacked rsETH and triggered a $13 billion decline across DeFi in 48 hours.