Lending/Borrowing Protocols Fall 10.58% in Nov. 12 Snapshot

Lending/Borrowing Protocols fell 10.58% to a $4.47 billion market cap in the Nov. 12 crypto-sector snapshot, the steepest decline among listed groups valued at $2 billion or more.

The 10:05 p.m. ET reading showed Perpetuals had the strongest gain, rising 0.25% to $22.74 billion. Perpetuals recorded $1.05 billion in volume, while Lending/Borrowing Protocols had $287.1 million.

Three other listed categories posted gains: Synthetic Dollar rose 0.17% to $7.01 billion, Yield-Bearing Stablecoin gained 0.15% to $3.15 billion, and Derivatives increased 0.04% to $19.51 billion. Their respective volumes were $30.4 million, $32.2 million and $865.6 million. Fiat-backed Stablecoin declined 0.24%, with a $271.18 billion market cap and $61.44 billion in volume.

Yield Farming had the next-steepest loss, down 8.79% to $9.40 billion on $831 million in volume. Tokenized Private Credit fell 6.03% to $26.61 billion, with $514.9 million in volume. Privacy Coins dropped 4.97% to $26.71 billion on $920.1 million in volume, and Index Coop Defi Index slipped 4.86% to $5.97 billion, with $1.22 billion in volume.

The latest reading followed a Nov. 11 snapshot in which Lending/Borrowing Protocols rose 6.60% to a $5 billion market cap. The sector categories overlap, so their market caps and percentage changes cannot be added together.