Our data show a simultaneous pullback in stablecoin liquidity and DeFi value locked, while the Fear & Greed Index stays in fear territory and funding rates remain negative, indicating cautious market sentiment and reduced leverage.
Stablecoin supply down 2% to $295.5 bn
As of November 6, 2026 the total supply of dollar, euro and other stablecoins stands at $295.5 bn, a 2.0% decline ($5.9 bn) over the past week and 4.5% lower than a month ago. The drop is notable but not a record low. A shrinking stablecoin base suggests less on‑chain liquidity for traders and investors.
Kirill SagitovFormer CEO of coytx.com. At COINMAG he writes the daily data briefs: market sentiment, stablecoins, derivatives, DeFi and prediction markets, built on the numbers COINMAG tracks.All articles by the author
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DeFi TVL falls to $80.5 bn, lowest since August 21
The total value locked across DeFi protocols on all chains is $80.5 bn, down 1.2% in the last seven days and the lowest level since August 21, 2026. The modest decline follows the stablecoin contraction and reflects reduced capital deployment in decentralized finance.
The Crypto Fear & Greed Index sits at 28, classified as fear. It is slightly below yesterday’s 50, down from 30 a week ago but still far under the 71 level seen a month earlier. The metric indicates that market participants remain wary despite the recent price moves.
Fear & Greed Index, last 30 days 28Data: alternative.me.
Across 39 perpetual futures markets on Bybit the open‑interest weighted average funding rate is -4.3% annualized, meaning shorts are being paid by longs. Bitcoin funds at -2.9% and Ethereum at -14.7%, with 18 of 39 markets showing negative funding. The most extreme rates are TRX at -30% and ARB at -26%, reflecting bearish pressure on leveraged positions.
Most extreme funding rates, annualized
TRX−30%
ARB−26%
HBAR−25%
ETH−15%
BCH−12%
UNI−12%
Bybit perpetuals with over $20M open interest. Computed by COINMAG.
Among DeFi applications holding over $300 million, USDD saw the biggest outflow with deposits falling 19.1% to $1.0 bn, while Unit recorded an 18.9% inflow to $0.9 bn. Other apps like Kinetiq, HyperLend, Marinade and Bittensor dTAO all posted double‑digit declines, highlighting uneven capital flows within the sector.
DeFi TVL falls to $80.5 bn, lowest since August 21
Fear & Greed Index at 28, signaling fear
Bybit funding rates stay negative, average -4.3%
DeFi apps see mixed 7‑day deposit shifts
We will keep an eye on stablecoin supply trends and DeFi TVL as they signal liquidity shifts, while funding rates and sentiment indices will show whether leverage pressure eases.
Data: DefiLlama, alternative.me, Bybit and CoinGecko, collected and computed by COINMAG. Charts may be reused with a link to this page. This is not financial advice.
Markets1 day ago
Stablecoin supply falls 1.8% to $296.4 bn, lowest in weeks
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