Binance Research said on July 30 that the first half of 2026 produced a “broad on-chain contraction, not a rotation.”
Summary
- 38% DeFi TVL decline erased $43.4 billion as six major Layer 1 valuations fell 42%.
- 77% fewer Layer 2 user operations contrasted with Ethereum’s smaller 9% decline through June 2026.
- 207 security incidents caused $972 million in losses, while prediction markets reached $51.6 billion monthly.
Its 52-page report found that DeFi total value locked fell by $43.4 billion, or 38%, while the combined market capitalization of Ethereum, BNB, Solana, Tron, Sui and NEAR declined by $246.5 billion, or 42%.
