July 20βJuly 26, 2026 #LookonchainWeeklyReport
π’ Overview
Stablecoin supply was little changed last week, while DEX trading cooled and institutional activity remained muted, with public companies reducing 360 BTC and Bitmine buying just 9,946 ETH.
π’ Stablecoin Market
The total stablecoin market cap increased by $113.2M.
π’ Spot & Perps Trading Volume on DEXs
DEX trading cooled last week, with spot volume down 6.65% and perp volume down 14.9% WoW.
π’ Protocol Revenue
Top protocol revenue remained steady, while Pump revenue rose 28% and https://t.co/QVKNwYdGRP posted the fastest growth of the week (+8,739%).
π’ Last week, 6 companies decreased their $BTC holdings by a combined 360 $BTC($23.22M).
π’ Institutional/Whale Activity
#Strategy neither sold nor bought back any $BTC, and #Bitmine bought only 9,946 $ETH($19.38M) last week.