DeFi TVL declines for eight consecutive months, reaching $70B amid persistent hacks and capital outflows.
DeFi total value locked fell to around $70 billion in 2026, a 39% drop year-to-date from $115 billion in January. The decline marks eight straight months of losses, with no recovery in sight.
The sector faced 121 hacks this year, totaling $942 million in losses, including $775 million in Q2 alone. Only TRON and Hyperliquid saw growth among the top 10 chains, rising 5% and 6.7%, respectively.
Analysts attribute the decline to weakened user confidence and sustained capital outflows, though hacks were not the primary driver.