Our data shows a modest contraction in stablecoin supply alongside a deepening risk aversion reflected in the Fear & Greed Index. DeFi TVL slipped slightly, funding rates on Bybit turned positive, and Bitcoin continues to dominate market value at 59.3%.

Stablecoin supply at $294.0 bn, down 2.2% weekly

The total supply of dollar‑, euro‑ and other stablecoins is $294.0 bn as of November 7 2026, a 2.2% decline ($6.7 bn) over the past seven days and 4.8% lower than a month ago. The figure is not an all‑time high and shows a modest pull‑back in liquidity.

Stablecoin supply, last 90 days $294B
$309.6B$294BAug 10Sep 24Nov 7Data: DefiLlama, computed by COINMAG.

Fear & Greed Index at 25, lowest since Aug 6 2026

The Crypto Fear & Greed Index registered 25 on November 7 2026, classified as Fear and the lowest reading since August 6 2026. Yesterday it was 28, a week ago 30 and a month ago 64, indicating a clear shift toward risk aversion.

Fear & Greed Index, last 30 days 25
6925Oct 9Oct 24Nov 7Data: alternative.me.

Fear & Greed Index today

DeFi TVL at $81.0 bn, down 1.6% weekly

Total value locked across DeFi protocols stands at $81.0 bn, a 1.6% decline over the last seven days. The metric remains below recent peaks and shows no new record, suggesting a steady but slightly contracting DeFi ecosystem.

DeFi apps ranked by deposits

Bybit funding rates average +3.0% annualized

Perpetual futures on Bybit carry an open‑interest‑weighted average funding rate of +3.0% annualized, meaning longs are paying shorts. Bitcoin funding is +1.5% and Ethereum +7.1%. Thirteen of the 39 markets have negative funding, with extremes such as XMR at +54% and NEAR at -27%.

Most extreme funding rates, annualized
  • XMR54%
  • NEAR−27%
  • UNI−16%
  • PEPE−14%
  • AAVE11%
  • AVAX11%
Bybit perpetuals with over $20M open interest. Computed by COINMAG.

Live funding rates

Bitcoin dominance at 59.3%

Bitcoin accounts for 59.3% of the total crypto market value, which is $2.58 trillion as of November 7 2026. The overall market cap fell 2.1% in the last 24 hours, but Bitcoin’s share remains firmly above the 50% threshold.

Crypto market heatmap

DeFi deposit shifts: Obol up 16.8% while Sky down 20.4%

Among DeFi apps with over $300 million in deposits, Obol (staking) grew 16.8% to $1.2 bn. Sky (lending) fell 20.4% to $4.0 bn and USDD (lending) dropped 18.4% to $1.1 bn. Other notable declines include HyperLend (-14.7%), SUN (-14.4%) and Kinetiq (-14.1%).

Biggest 7-day deposit changes, apps over $300M
  • Sky−20.4%
  • USDD−18.4%
  • Obol16.8%
  • HyperLend−14.7%
  • SUN−14.4%
  • Kinetiq−14.1%
Data: DefiLlama, computed by COINMAG.

Sky: deposits, chains and news

Today's numbers at a glance

  • Stablecoin supply at $294.0 bn, down 2.2% weekly
  • Fear & Greed Index at 25, lowest since Aug 6 2026
  • DeFi TVL at $81.0 bn, down 1.6% weekly
  • Bybit funding rates average +3.0% annualized
  • Bitcoin dominance at 59.3%
  • DeFi deposit shifts: Obol up 16.8% while Sky down 20.4%

We will keep an eye on stablecoin flows, the Fear & Greed Index and funding rate trends for further signals of market sentiment.

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.