Morning Edition · Tuesday, August 4, 2026Published at 1:32 AM EDT · New York
On-Chain Capital Keeps Concentrating as DeFi Value Holds Near $74.6 Billion and Brokers Cut Staff
Ethereum now holds 55 percent of decentralized finance value locked, most large layer-2 networks lost value over the past week, and prime broker FalconX reduced headcount by about 10 percent.
Total value locked across decentralized finance stands at $74.62 billion, according to DeFiLlama, and $40.87 billion of that sits on Ethereum, about 55 percent of the whole. Tron, BNB Smart Chain, Solana and Base each hold between $4.5 bill…
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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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