According to Lookonchain data, the supply of stablecoins in circulation decreased by approximately $856 million over the past week. Ethereum and Solana saw the largest outflows, losing $726 million and $619 million in USDT and USDC, respectively. Conversely, the Tron network increased its supply by $526 million. This total decline represents about 0.3% of the global stablecoin supply.
Trading activity on decentralized exchanges showed mixed results. Spot trading volume dropped by 19.34% to $47.84 billion, with Uniswap volume falling by 25.8%. In contrast, perpetual futures volume on DEXs grew by 8.2%, reaching $149.39 billion. Meanwhile, fees collected by crypto applications rose by 4.44% week-on-week, with Tether accounting for $122.06 million of that total.
Corporate holdings of Bitcoin also shifted. Listed companies reduced their net holdings by 89 BTC, valued at approximately $7.37 million. CleanSpark sold 173 BTC, while Silvia, Inc. offloaded 165 BTC. MicroStrategy continued to acquire assets, adding 250 BTC to its holdings. Additionally, BitMine purchased 12,532 ETH for $31.75 million. Bitcoin traded at $82,859, marking a weekly decline of nearly 5%.
