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
Aviso Legal: O conteúdo disponibilizado no Phemex News é apenas para fins informativos. Não garantimos a qualidade, precisão ou integridade das informações provenientes de artigos de terceiros. Este conteúdo não constitui aconselhamento financeiro ou de investimento. Recomendamos fortemente que você realize suas próprias pesquisas e consulte um consultor financeiro qualificado antes de tomar decisões de investimento.
