Lookonchain Weekly Report: Stablecoin Market Cap Drops by $4.53 Billion
Original headlineLookonchain 周报：稳定币市值减少 45.3 亿美元
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Lookonchain data shows the total stablecoin market cap fell by $4.53 billion between October 26 and November 1, even as on-chain activity picked up. DEX spot volume rose 24.06% week-over-week to $54.71 billion, perpetual futures volume climbed 5.79% to $150.83 billion, and protocol revenue increased 9.22%. The divergence between shrinking stablecoin supply and rising trading activity suggests capital rotation rather than fresh inflows. Public companies were net buyers of bitcoin, adding a combined 1,462 BTC worth about $113.44 million, with three companies increasing holdings and one reducing. Strategy added 810 BTC, while Bitmine bought 8,573 ETH. Watch whether stablecoin supply stabilizes or continues contracting, as it is a key gauge of fresh capital entering crypto markets.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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Lookonchain, Strategy (MSTR), BTC (BTC), Bitmine, ETH (ETH)
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