Data: Total DeFi TVL drops by 39% by 2026, with TRON and Hyperliquid achieving counter-trend growth

BlockBeats news, on June 24, according to CryptoRank's latest report, total DeFi Total Value Locked (TVL) has declined for six consecutive months, dropping from about $115 billion in January 2026 to around $70 billion currently, marking a cumulative decrease of 39% for this year, reflecting continued adjustments after the crypto market peaked in 2025.

Data shows that since 2026, there have been 121 security incidents in the DeFi sector, with total losses of approximately $942 million. Of these, 85 attacks occurred in the second quarter, resulting in losses of about $775 million, making it one of the most frequently attacked quarters on record. The April attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) together account for more than half of the annual losses.

Among the top ten public blockchains by TVL, only TRON and Hyperliquid achieved positive growth. TRON’s TVL increased by about 5% this year, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid grew by around 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 the current DeFi downtrend cycle is noticeably milder than the 2021 to 2022 cycle. Back then, DeFi TVL plummeted by over 70% within seven months, while currently more capital is flowing towards stablecoins, RWA, derivatives, and infrastructure sectors, making the market structure more dispersed and mature compared to the previous cycle.