The total stablecoin market cap decreased by $2.19 billion during the week of October 19–25, 2026, according to Lookonchain's weekly report. Decentralized exchange activity also contracted, with spot volume falling 12.21% and perpetual futures volume dropping 8.59% week-over-week. Protocol revenue declined 10.57% WoW, though Central City stood out with a massive 14,393% increase in weekly revenue growth.
On the institutional front, two public companies collectively added 6,202 BTC ($494.23 million) to their holdings last week. Strategy neither sold nor bought back any Bitcoin during the period, while Bitmine purchased 10,452 ETH ($24.13 million).
Stablecoin Supply Drops $2.19B as DEX Volumes Decline; Public Companies Add 6,202 BTC
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