tvl

According to data from CryptoRank.io, the total TVL of global liquid staking protocols fell to $33.4 billion in the second quarter of 2026, a decrease of 56.1% from the historical high of $76 billion in the third quarter of 2025, marking three consecutive quarters of decline.Specifically, the fourth quarter of 2025 was $61.4 billion, the first quarter of 2026 was $45.2 billion, and the second quarter further dropped to $33.4 billion. The liquid staking sector continues to face pressure, reflecting that the overall DeFi ecosystem is still in a weak cycle.

According to official news, the crypto financial infrastructure company TVL Capital announced the completion of a $5 million financing round, led by Framework Ventures, with participation from institutions such as Flow Traders.The company's co-founder Lars previously served as the Head of Market Research at The Block. Its products are comparable to traditional exchange-traded products, creating compliant and composable derivatives and diversified yield structures, primarily targeting institutional investors to meet various structured investment and yield management needs.

According to the latest on-chain data, in May, the total market value of TRON stablecoins exceeded 90 billion USD, with a month-on-month growth of 3.63%; monthly revenue reached 32.23 million USD, with a month-on-month growth of 5.6%. Meanwhile, TRON's on-chain transfer data remains impressive, reflecting the vibrancy of the on-chain economy. In the face of massive stablecoin liquidity, an efficient lending and yield hub is becoming a necessity.According to the JUST weekly report data on June 2, the total TVL of the JUST ecosystem has reached 11.08 billion USD, accounting for over 40.25% of the market share in the TRON DeFi sector, continuously providing users with diversified services such as stablecoin savings, collateralized lending, and energy leasing. In addition, the JST buyback and burn mechanism is also operating steadily, injecting the protocol's real earnings into the governance token's deflationary flywheel, allowing the dividends of ecological growth to be genuinely returned to every holder.

Dune data shows that Near Intents' TVL reached a new high of $22.6 million yesterday and has now fallen back to $20.2 million. In addition, Near Intents' cumulative trading volume has surpassed $20 billion, with over $600 million in trading volume in the past 7 days.

According to The Block, since the KelpDAO cross-chain bridge attack in mid-April, the total value locked (TVL) in DeFi has decreased by about 14%, from approximately $172 billion to $148 billion. The attackers exploited vulnerabilities in off-chain infrastructure rather than smart contract vulnerabilities, stealing about $292 million and exposing new infrastructure risks.The outflow of funds has continued for more than five weeks, indicating that investors are broadly withdrawing marginal capital rather than just targeting specific protocols that were attacked. Lending, as the largest DeFi category, saw its locked amount decrease from about $53 billion to $40 billion, marking the largest decline. Liquidity re-staking protocols also experienced significant drops. The KelpDAO attack indicates that as the security of smart contracts improves, off-chain infrastructure is becoming a more easily exploitable attack surface.

Aave founder and CEO Stani Kulechov tweeted that the valuation of DeFi lending protocols should not primarily refer to TVL, as it measures net collateral rather than lending activity. Comparing data from the end of 2025, Aave's supply scale is about $52 billion, active loans about $22 billion, loan interest flow over $700 million, and DAO retention about $150 million; SoFi has deposits of about $37.5 billion, a loan book of about $38 billion, loan income of about $1.8 billion, and net profit of about $481 million.Stani stated that in traditional finance, deposits are liabilities or capital costs, and loans are interest-bearing assets, with lenders typically assessing based on the loan book, interest income, interest spread, and asset growth; however, the DeFi market mainly focuses on TVL and DAO retention fees. He believes that Aave is closer to over $700 million in lending business under a traditional financial accounting framework, rather than a $150 million revenue protocol; TVL is not the revenue basis for lending protocols, but the loan book and interest flow are the core.

Ondo Finance announced on platform X that its total locked value (TVL) of tokenized stocks has surpassed $1.5 billion and continues to show a growth trend. In its Ondo Global Markets, the five most actively traded assets currently include: Circle tokenized assets, S&P 500 ETF, Micron Technology, NVIDIA, and the tokenized version of BlackRock iShares Bitcoin Trust (IBIT).Data shows that these five asset classes account for approximately 25% of the tokenized stock sector, reflecting that the market is rapidly concentrating towards a "U.S. stocks + ETFs + crypto assets" mixed structure, and continuously expanding the on-chain mapping scale of the traditional U.S. stock market.

According to the official disclosure from BNB Chain, the total locked value (TVL) of real world assets (RWA) on the BNB Chain has officially surpassed $4 billion, setting a new historical high. This milestone marks the continued rapid growth of the BNB Chain RWA sector—by Q4 2025, the TVL of this sector was approximately $2 billion, doubling within six months.

According to the official disclosure from BNB Chain, the total locked value (TVL) of real world assets (RWA) on the BNB Chain has officially surpassed $4 billion, setting a new historical high. This milestone marks the continued rapid growth of the BNB Chain RWA sector—by Q4 2025, the TVL of this sector was approximately $2 billion, doubling within six months.

JUST officially released its weekly report. From May 5 to May 11, the JUST ecosystem performed strongly, with a total locked value (TVL) reaching 12 billion USD, accounting for 41.79% of the TRON DeFi market. The lending market remained active, with total deposits exceeding 3.8 billion USD; at the same time, the cumulative JST burn rate has reached 13.70%, further demonstrating the deflationary effect. While the platform provides users with diversified yield options such as sTRX and USDD, it continues to optimize the asset allocation supply and demand pattern. This transparent and efficient mechanism execution, along with long-term stable value returns, not only highlights JUST's robust operational strength as a core DeFi protocol of TRON but also builds a resilient long-term value system for users.

Ondo Finance announced that its subsidiary Ondo Global Markets has surpassed a total locked value (TVL) of $1 billion, becoming one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance. Official data shows that the platform achieved this milestone in less than 8 months and currently holds over 70% of the tokenized stock market share, with a cumulative trading volume exceeding $18 billion and a user base reaching tens of thousands.Ondo Global Markets currently supports over 260 tokenized stocks and ETFs, covering several popular industries such as artificial intelligence, biotechnology, defense, and energy, and has been deployed on multiple public chains including Solana, BNB Chain, and Ethereum. The project team stated that tokenized assets are rapidly expanding into more asset classes, with a growth rate that has surpassed the early stages of stablecoins and tokenized U.S. Treasuries, reflecting a structural change in the way global capital markets are accessed.

According to analyst Tom Wan's monitoring, despite LayerZero issuing an apology statement, several protocols with a total TVL of approximately $2 billion have announced their migration to Chainlink CCIP, including KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million).Meanwhile, the top assets still using the LayerZero OFT standard include: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo), with specific migration progress to be determined by project announcements.Previously, LayerZero formally apologized for poor communication regarding security incidents over the past three weeks. The official acknowledged that its internal RPC was attacked by the Lazarus Group and admitted to mistakenly allowing LayerZero Labs DVN to act as a 1/1 verification node for high-value transactions, leading to a single point of risk.

DefiLlama data shows that Polymarket's TVL has exceeded $530 million, reaching $5.37, setting a new historical high.In addition, the platform's fee revenue in the past 7 days has exceeded $8 million.

The latest weekly report shows that the JUST ecosystem's TVL has reached $11.46 billion, accounting for 42.28% of the total TVL in Tron DeFi. This week, the platform's deposit scale reached $3.75 billion, while the borrowing scale was $193 million, demonstrating abundant market liquidity. Meanwhile, JUST, through a normalized buyback and burn mechanism, has cumulatively burned $60.03 million, with the burn rate further increasing to 13.70%. While providing users with diversified yield options such as sTRX and USDD, the platform continues to optimize the asset allocation supply and demand pattern; this transparent and efficient mechanism execution, along with long-term stable value returns, not only highlights JUST's robust operational strength as a core DeFi protocol in Tron but also builds a resilient long-term value system for users.

According to The Block, JPMorgan analysts stated that the frequent security incidents in DeFi and the stagnation of total locked value (TVL) in ETH terms continue to limit institutional interest in DeFi. The report mentioned that a recent cross-chain bridge attack related to Kelp DAO led to a loss of approximately $20 billion in DeFi TVL within a few days. The attackers minted about $292 million in unsecured rsETH and borrowed real ETH on Aave using it as collateral, resulting in approximately $230 million in bad debt. JPMorgan also pointed out that after security incidents, users tend to turn to Tether's USDT for safety.

According to on-chain analyst Yu Jin's monitoring, Aave's TVL has fallen below 30 billion USD.This data has decreased from 45.8 billion USD before the rsETH event to the current 29.6 billion USD, with an outflow amount of 16.2 billion USD.

The latest weekly report shows that the JUST protocol continues to play a core foundational role in the Tron DeFi ecosystem, with a total locked value (TVL) reaching $11.4 billion, occupying an important position in the ecosystem with a market share of 41.83%.The platform's core business operates steadily, with deposits exceeding $3.75 billion, and liquidity depth and capacity further solidified. In addition, JUST's value capture engine operates efficiently, with a normalized buyback and burn mechanism, resulting in a cumulative burn rate of JST reaching 13.70%.This dynamic deflationary strategy not only effectively optimizes the asset supply and demand pattern but also demonstrates the firm operational consensus of JUST as a core DeFi protocol in Tron through long-term stable value returns.