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Curated crypto headlines with the on-chain context most tools skip. Written by the team behind Koinlytics.
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DeFi Is Down to $70B After a 39% Year and Only Two Top-10 Chains Grew

DeFi total value locked has fallen roughly 39% in 2026 to around $70 billion, down 59.6% from the November 2021 peak. Ethereum holds 53.1% share at $38.2 billion. Among the ten largest ecosystems, only TRON and Hyperliquid grew this year.

ETHTRXHYPEdefitvlAug 5, 2026

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