Cointelegraph·15h ago·negative

DeFi TVL drops 39% in 2026, falling from $115B to $70B amid hacks and market downturn

Total value locked in DeFi fell from $115B to $70B in 2026, driven by the post-October market correction and a record 121 hacks that stole $942 million year-to-date.

DeFi TVL dropped 39% from $115B in January to just over $70B by June
The decline followed Bitcoin's record high above $122K in October 2025 and a $19B liquidation event
121 hacks stole $942 million in 2026; Q2 was the most-hacked quarter by incident count
The $293M Kelp DAO exploit triggered $15B in Aave withdrawals within four days
Analysts say the drawdown is smaller than the 2021-2022 bear market, suggesting a more resilient DeFi sector

defisecuritymarketImpact 7/10

Why our editor rated this negative

Sharp decline in DeFi TVL combined with record hack activity signals a challenging period for decentralized finance, though the sector shows more resilience than prior bear markets.

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