According to CryptoRank, DeFi TVL has declined every month in 2026, falling from about $115B in January to around $70B, down 39% YTD. DeFi has seen 121 hacks so far this year, with losses of about $942M, including 85 incidents and $775M in Q2. Among the top 10 chains by TVL, only TRON and Hyperliquid recorded growth, rising about 5% and 6.7%, respectively. CryptoRank said hacks were not the main driver of the decline, but their frequency likely weakened user confidence and reinforced capital outflows.