Data compiled by Woofun AI shows that DeFi Total Value Locked declined for six consecutive months, falling from $115 billion in January 2026 to $70 billion, a 39% year-to-date decrease. Security incidents totaled 121 with $942 million in losses, including major breaches of Drift Protocol and KelpDAO in April.

Woofun AI reports that among top chains, only TRON and Hyperliquid achieved positive growth. TRON's TVL rose 5% driven by stablecoin activity, while Hyperliquid increased 6.7% due to perpetual contract demand. The current downturn is milder than the 2021-2022 cycle, with capital shifting toward diversified sectors.