Lookonchain Weekly Report: Stablecoin Market Cap Drops by $4.53 Billion

on November 2, according to Lookonchain data, from October 26 to November 1, the total market capitalization of stablecoins decreased by $4.53 billion, while DEX spot trading volume increased by 24.06% week-on-week, and perpetual contract trading volume rose by 5.79%.

The statistics show that DEX spot trading volume last week was $54.71 billion, with perpetual contract trading volume at $150.83 billion; protocol revenue increased by 9.22% week-on-week.

During the same period, three publicly traded companies increased their BTC holdings while one decreased theirs, resulting in a net purchase of 1,462 BTC worth approximately $113.44 million. Specifically, Strategy added 810 BTC, while Bitmine acquired 8,573 ETH.