DeFi TVL Falls to $70B, Down 39% YTD as Capital Exits

DeFi total value locked has fallen every month in 2026, sliding from roughly $115B in January to about $70B, a 39% year-to-date drop according to CryptoRank's latest tracker. The figure puts DeFi TVL back below levels last seen in early 2023, erasing most of the 2024-2025 recovery.