Ethereum's price surged nearly 30% last week, spearheading a rally in the altcoin market. Decentralized exchange (DEX) perpetuals trading volume reached an all-time high of $137.295 billion, marking a 58% increase. The total stablecoin market cap rose by $2.726 billion, with USDT and USDC on Ethereum increasing by $1.9 billion. DEX spot trading volume climbed to $128.949 billion, an 18.33% rise from the previous week. Uniswap led the gains with a 60.25% increase to $27.328 billion, while PancakeSwap saw a slight decline. In the perpetuals market, Hyperliquid's volume soared by 77.91% to $97.172 billion. Institutional activity was robust, with 14 companies purchasing 8,540 BTC worth $1.02 billion. Trump Media announced a $2 billion Bitcoin acquisition. Significant Ethereum purchases were also noted, with BlackRock acquiring 524,741 ETH and BitMine buying 137,515 ETH. A Bitcoin holder transferred 80,009 BTC to Galaxy Digital for sale.