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Morning Edition · Friday, July 31, 2026Published at 1:29 AM EDT · New York
DeFi Total Value Locked Fell $43.4 Billion in the First Half of 2026, Binance Research Says
Layer-1 valuations and layer-2 activity contracted together while prediction markets grew, and on-chain data now puts total DeFi value near $75 billion.
Binance Research says the total value locked (TVL) in decentralized finance (DeFi) fell by $43.4 billion in the first half of 2026, as layer-1 network valuations declined and layer-2 activity contracted. The report frames the drop as part o…
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Part of a tracked trend
On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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