📉DeFi TVL Keeps Bleeding as 2026 Downtrend Continues
Total DeFi TVL has fallen in every single month of 2026, sliding from ~$115B in January to ~$70B today — a 39% drop year-to-date.
The decline largely reflects the broader market correction following the October 2025 peak, when Bitcoin reached a new all-time high above $122K and total crypto market capitalization climbed to $4.21T.
Among the largest ecosystems,
@trondao and
@HyperliquidX were the only chains in the top 10 to grow their TVL in 2026, with TRON up around 5% and Hyperliquid up roughly 7%