Data: Total Value Locked in DeFi in 2026 Decreased by 39%, TRON and Hyperliquid Experienced Counter-Trend Growth

BlockBeats News, June 24, CryptoRank's latest report shows that DeFi's Total Value Locked (TVL) has been declining for 6 consecutive months, dropping from around $115 billion in January 2026 to around $70 billion currently, with a 39% cumulative decrease since the beginning of the year, reflecting a continued adjustment after the crypto market peaked in 2025.

The data shows that there have been 121 security incidents in the DeFi space since 2026, with a total loss of around $942 million. Among them, the second quarter saw 85 attack incidents, resulting in a loss of around $775 million, making it one of the most attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for over half of the annual losses.

Among the top ten chains ranked by TVL, only TRON and Hyperliquid have seen positive growth. TRON's TVL has grown by around 5% year-to-date, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid has grown by about 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem.

However, the report points out that this DeFi downturn cycle is significantly milder than the cycle from 2021 to 2022. DeFi TVL plummeted by over 70% in 7 months during that period, while the current funds are flowing more towards stablecoins, RWAs, derivatives, infrastructure, and other tracks, making the market structure more diversified and mature compared to the previous cycle.