Today's figures point to tightening liquidity and cautious risk appetite. Stablecoin supply and DeFi TVL both contracted, while the Fear & Greed Index stays in fear territory and funding rates remain modestly positive, suggesting limited leverage appetite.

Stablecoin supply falls 1.6% to $294.7 bn

The total supply of dollar, euro and other stablecoins reached $294.7 bn on November 9 2026, a 1.6% decline (‑$4.7 bn) over the past week and 4.2% lower than a month ago. This drop reflects a net outflow of capital from stablecoins, indicating reduced on‑chain liquidity for traders and investors.

Stablecoin supply, last 90 days $294.7B
$309.6B$294.7BAug 12Sep 26Nov 9Data: DefiLlama, computed by COINMAG.

DeFi TVL slides 5.7% to $77.9 bn, lowest since August 19 2026

Across all chains, total value locked in DeFi fell to $77.9 bn, a 5.7% weekly decrease and the lowest level since August 19 2026. The contraction highlights a pull‑back in capital deployed to decentralized protocols, aligning with the broader liquidity squeeze.

DeFi apps ranked by deposits

Fear & Greed Index at 29, signaling fear

The Crypto Fear & Greed Index sits at 29, classified as “Fear”. It is down from 37 a week ago and 64 a month ago, showing a continued bearish sentiment among market participants.

Fear & Greed Index, last 30 days 29
6925Oct 11Oct 26Nov 9Data: alternative.me.

Fear & Greed Index today

Bybit perpetual funding rates average +2.2% annualized

Weighted across 36 markets, Bybit’s perpetual futures funding rates are +2.2% annualized, with Bitcoin at +0.8% and Ethereum at +3.8%. Six markets have negative funding, while the most extreme rates range from ‑51% on WLFI to +11% on PEPE and AAVE, indicating modest cost for holding long positions.

Most extreme funding rates, annualized
  • WLFI−51%
  • WLD−30%
  • TRX−25%
  • HBAR−21%
  • PEPE11%
  • AAVE11%
Bybit perpetuals with over $20M open interest. Computed by COINMAG.

Live funding rates

Bitcoin dominance holds at 60.2%

Bitcoin’s share of the total crypto market value remains at 60.2% as the overall market cap sits at $2.47 trillion, down 4.8% in the last 24 hours. The stable dominance suggests Bitcoin continues to be the primary store of value amid broader market weakness.

Crypto market heatmap

DeFi deposits see mixed 7‑day changes

Among DeFi apps with over $300 million in deposits, Sky’s lending pool fell 17.9% to $4.2 bn, while Obol’s staking platform grew 15.9% to $1.3 bn. USDD, Kinetiq and HyperLend also posted double‑digit declines, reflecting uneven capital flows within the sector.

Biggest 7-day deposit changes, apps over $300M
  • Sky−17.9%
  • Obol15.9%
  • USDD−13.4%
  • Kinetiq−12.6%
  • HyperLend−11.8%
Data: DefiLlama, computed by COINMAG.

Sky: deposits, chains and news

Today's numbers at a glance

  • Stablecoin supply falls 1.6% to $294.7 bn
  • DeFi TVL slides 5.7% to $77.9 bn, lowest since August 19 2026
  • Fear & Greed Index at 29, signaling fear
  • Bybit perpetual funding rates average +2.2% annualized
  • Bitcoin dominance holds at 60.2%
  • DeFi deposits see mixed 7‑day changes

We will keep an eye on stablecoin supply trends and DeFi TVL as liquidity conditions evolve.

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.