DeFi TVL Rebounds 38% in Q3 2026 to Reach $95 Billion

DeFi Total Value Locked (TVL) grew by 38% in Q3 2026 to $95 billion, following three consecutive quarters of decline from a 2025 peak of $156 billion. Ethereum maintains over half of the total TVL at $53.7 billion, while Monad saw a 183% quarterly increase. Additionally, tokenized stocks in DeFi protocols have reached $252 million, with Uniswap, Kamino Lend, and Pendle leading the volume. Meanwhile, Morgan Stanley has established a Digital Asset Lab to explore stablecoins and tokenization.