Total stablecoin market capitalization decreased by $855.94 million during the week of October 5–11, while DEX spot trading volume fell 19.34% and perpetual futures volume rebounded 8.20%. Protocol revenue rose 4.44% week-over-week, driven primarily by Base App which recorded a 519% increase in weekly revenue.
Public companies reduced net Bitcoin holdings by 89 BTC ($7.37 million), with three firms selling and only one adding to reserves. Institutional activity remained active as Strategy acquired 250 BTC ($20.69 million) and Bitmine purchased 12,532 ETH ($31.75 million) during the same period.
Stablecoin Supply Drops $856M as Public Companies Shed Bitcoin in Weekly Crypto Recap
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