Woofun AI data shows that global liquid staking protocol TVL reached $33.4 billion in the second quarter of 2026. This figure represents a 56.1% decline from the historical high of $76 billion recorded in the third quarter of 2025. The sector experienced three consecutive quarters of contraction, with TVL standing at $61.4 billion in Q4 2025 and $45.2 billion in Q1 2026 before the latest drop.