Total value locked in liquid staking protocols hit a two-year low in Q2 2026 amid sustained DeFi sector weakness.
Total value locked in liquid staking protocols dropped to $33.4 billion in Q2 2026, a 56.1% decline from the all-time high of $76 billion in Q3 2025. The decline marks the third consecutive quarter of losses for the sector.
Prior quarters saw TVL fall from $61.4 billion in Q4 2025 to $45.2 billion in Q1 2026. The trend reflects broader weakness in decentralized finance, with liquid staking protocols struggling to regain momentum.
No immediate market reaction was reported, though the sustained downturn may signal deeper challenges for DeFi adoption and liquidity.