Total stablecoin supply fell to $292.8 bn while DeFi TVL slipped to $77.5 bn, marking notable declines across the market.
Our data shows a broad pullback in crypto liquidity this week. Stablecoins and DeFi assets both contracted, Bitcoin’s dominance rose, and the Fear & Greed Index stayed in fear territory, indicating cautious risk appetite and modest leverage across the market.
The total supply of dollar, euro and other stablecoins fell to $292.8 bn as of November 11, 2026, a 1.6% decline or $4.8 bn less than a week ago. This is the first weekly drop of this magnitude since the data series began. A shrinking stablecoin supply often signals reduced on‑chain liquidity and lower demand for dollar‑pegged assets.
Total value locked in DeFi across all chains reached $77.5 bn on November 11, 2026, down 5.4% from the previous week. The level is the lowest recorded since August 19, 2026, highlighting a continued outflow from decentralized protocols. Lower TVL suggests investors are pulling capital from DeFi amid broader market caution.
Bitcoin’s share of the total crypto market value climbed to 60.5% on November 11, 2026, compared with 59.4% a week earlier. The overall market cap sits at $2.45 trillion, down 4.1% in the last 24 hours. A higher Bitcoin dominance typically reflects a flight to the perceived safety of the leading asset as altcoins retreat.
The Crypto Fear & Greed Index recorded a value of 29 on November 11, 2026, labeled as Fear. This is slightly lower than yesterday’s 32 and down from 34 a week ago, though still far above the 69 level seen a month earlier. The index suggests market participants remain uneasy despite the recent Bitcoin dominance gain.
Perpetual futures on Bybit showed an open‑interest weighted average funding rate of +5.3% annualized across 36 markets on November 11, 2026. Bitcoin funding was +6.7% and Ethereum +8.1%, while 15 of the 36 markets posted negative funding. The most extreme rates were GRAM at –28% and XLM at –26%, indicating short‑side pressure in those contracts.
Among DeFi applications holding over $300 million, the biggest 7‑day deposit changes were all negative. Kinetiq (staking) fell 19.7% to $0.8 bn, Sky (lending) dropped 17.3% to $4.1 bn, and Defi Saver (lending) slipped 14.9% to $0.3 bn. Similar declines were observed for Polymarket, KernelDAO and Marinade, reflecting the broader outflow from DeFi this week.
Kinetiq: deposits, chains and news
We will keep an eye on stablecoin supply trends and DeFi TVL as they continue to shape market liquidity in the coming days.
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.
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