The stablecoin market experienced a $1.24 billion decrease in supply last week, while decentralized exchange (DEX) trading volumes showed signs of recovery. Spot trading on DEXs increased by 1.7%, and perpetual contract volumes rebounded by 9.23% week-over-week. Despite the uptick in trading activity, institutional buying remained subdued, with public companies adding only 101.5 BTC, valued at approximately $6.53 million. Protocol revenue held steady, with SLVR leading growth with a 948% increase. Meanwhile, Bitmine acquired 7,430 ETH, worth $13.92 million, while Strategy neither bought nor sold BTC.