Total stablecoin market capitalization increased by $715.8 million during the week of September 28 to October 4, signaling continued liquidity expansion despite softer trading activity. DEX spot volume declined 3.92% and perpetual futures volume fell 9.85% week-over-week, while overall protocol revenue dipped 2.57%. SundaeSwap was a notable outlier, recording an 11,613% surge in weekly revenue.
Public companies accumulated 3,342 BTC worth $286.31 million last week, with four firms adding to their treasury reserves. Institutional activity included Strategy purchasing 334 BTC for $28.61 million and Bitmine acquiring 15,112 ETH valued at $40.86 million, highlighting sustained corporate demand for major crypto assets amid mixed on-chain metrics.
Stablecoin Supply Grows $715.8M as Public Companies Add 3,342 BTC
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