Binance Research said DeFi total value locked (TVL) dropped by $43.4 billion in the first half of 2026, a decline of 38%. The report also said the market capitalization of six major Layer 1 blockchains shrank 42% over the same period, while Layer 2 user activity fell 77%. In Binance Research’s view, the downturn reflected a broad on-chain contraction rather than a rotation between sectors. The report added that 207 security incidents in the first half caused losses totaling $972 million. Although TVL has recovered slightly from the end of June, on-chain revenue may remain under pressure through year-end, according to the report. The item was cited by Techub News, with crypto.news referenced as the report source.
Binance Research said DeFi total value locked (TVL) fell by $43.4 billion in the first half of 2026, marking a 38% decline, according to Techub News.
The report also said the market capitalization of six major Layer 1 blockchains dropped 42% during the same period, while Layer 2 user activity fell 77%.
Binance Research described the move as a “broad on-chain contraction” rather than a rotation between sectors. It also said 207 security incidents in the first half resulted in $972 million in losses.
The report added that TVL has edged up slightly from the end of June, but on-chain revenue may stay under pressure through the end of the year. Techub cited crypto.news for the report.
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