The total stablecoin market cap declined by $4.53 billion during the week of October 26 to November 1, 2026, according to Lookonchain's weekly report. Despite the contraction in stablecoin liquidity, decentralized exchange activity recovered strongly, with spot trading volume surging 24.06% and perpetual futures volume rising 5.79% week-over-week. Protocol revenues also rebounded by 9.22% WoW, led by BeaverBuild which recorded a staggering 44,812% increase in weekly revenue. On the institutional front, public companies continued their accumulation trend, adding a net 1,462 BTC ($113.44 million) to their treasuries. Strategy acquired 810 BTC ($62.85 million), while Bitmine purchased 8,573 ETH ($19.52 million). Three companies increased their Bitcoin holdings last week, compared to just one that reduced its position.