ME News reports that on April 21 (UTC+8), according to Dune’s official disclosure, an analysis was conducted on the DVN security configurations of LayerZero’s active OApps over the past 90 days following the KelpDAO hack. The data shows that among approximately 2,665 unique OApp contracts, 47% use a 1-of-1 DVN security threshold, 45% use a 2-of-2 threshold, and about 5% use a 3-of-3 or higher configuration; KelpDAO’s rsETH resides at the lowest security level of 1-of-1. (Source: ChainCatcher)
Dune Analysis Shows 47% of LayerZero OApps Use the Lowest 1-of-1 DVN Security
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Summary
Market analysis from Dune highlights security risks in LayerZero OApps following the KelpDAO hack. Of 2,665 active contracts over 90 days, 47% use the weakest 1-of-1 DVN configuration. Another 45% use 2-of-2, while 5% employ 3-of-3 or higher. KelpDAO’s rsETH is among those in the 1-of-1 group. Crypto analysis reveals that most projects are employing minimal security, raising concerns about future exploits.
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