DeFi TVL Drops 39% in 2026 as $70B Cap Holds Below October Peak

Total DeFi TVL has fallen in every month of 2026, sliding from roughly $115B in January to about $70B today, a 39% drop year-to-date. The decline extends a correction that set in after the October 2025 peak, when Bitcoin topped $122K and total crypto market cap reached $4.21T.