# 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.

- Published: 2026-07-31T05:29:19.625Z
- Canonical: https://polylog.news/crypto/2026-07-31/defi-total-value-locked-fell-43-4-billion-in-the-first-half
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/crypto-contraction-erased-43-4b-from-defi-in-h1/)

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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