Crypto spot volume dropped this month.

> Sep - $1.70T
> Oct - $2.2T
> Nov - $1.4T

This is the lowest in 5 months.

Sonic $S is the biggest DeFi loser rn.

TVL collapsed from $1.16B to $100M, a brutal 91% wipeout.

Arbitrum is the top chain for inflows across DeFi Bridges in last 3 months. $ARB

> Total Inflows - $26.9B
> Total Outflows - $24.2B
> Net flows - $2.7B

Euler $EUL completely nuked.

TVL collapsed -86% in 2 months.

$1.5B → $200M.

Tether just dropped their latest reserves report and the numbers are serious.

- USDT Liabilities: $174B
- Cash & Cash Equivalents: ~$140B

> Meaning:
If everyone tried to redeem $USDT at the same time, Tether is short by ~$34B in instant liquidity.

The…

$1.3T wiped out from the crypto market in the last 3 months.

Immortal 💥’s Space · 0 listening · Where live audio conversations happen

Who designed this disaster?

there’s a special place in hell waiting for you.

Top 3 real innovations in crypto so far:

> Stablecoins

> DeFi

> Prediction markets

Everything else is mostly noise.

Celestia’s dominance in data availability is collapsing.

- Started the year above 80%
- Now around 18%
- Ethereum sits near 75–80%

$TIA