According to Wu Blockchain, Galaxy Research reports that in Q2 2026, DeFi outstanding loans dropped for the third consecutive quarter, down 27.61% QoQ to $20.43 billion. Crypto asset collateralized lending overall fell 16.78% to $56.16 billion, about 40% lower than the Q3 2025 peak. Meanwhile, crypto futures open interest (OI) decreased 3.08% to $103.2 billion, with ETH OI plunging 26.31%. Galaxy believes that, unlike the cascading liquidations of 2022, this round reflects a more gradual deleveraging process, with the market's risk-off adjustment being relatively orderly. https://(wublock123.com)/news/news-66694