DeFi total value locked (TVL) decreased by $1.34 billion this week, bringing the aggregate figure to $122.25 billion. This decline coincides with a nearly identical reduction in stablecoin supply, which fell by $1.35 billion over the same period. Data from Sentora indicates that the parallel drops in TVL and stablecoin market capitalization suggest capital is exiting the on-chain ecosystem rather than rotating between protocols. The synchronized contraction points to broader fund outflows from decentralized finance markets this week.