The Total Value Locked (TVL) in DeFi platforms has seen a significant downturn, with Stable, the stablecoin blockchain owned by Tether, experiencing a dramatic drop to $29,231. This marks a sharp decline from its previous levels above $100 million, igniting discussions within the crypto community. Other blockchains have also faced substantial decreases in TVL. Ethereum's DeFi TVL has fallen over 25% to $72.73 billion from its August 2025 peak of $97.3 billion. Solana's TVL decreased by about 33% to $8.86 billion, while Bitcoin's DeFi TVL dropped over 23% to $7.01 billion. The BNB Chain and Base also reported declines of over 25% and 12%, respectively. Newer chains like Eclipse and Berachain have not been spared, with Eclipse's TVL plummeting about 95% to $2.72 million and Berachain's falling similarly to $174.11 million. These declines reflect a broader trend of reduced DeFi engagement across both established and emerging blockchain platforms.