Stablecoin Supply Grows $2.19B Amid DEX Volume Rebound

Stablecoin supply experienced significant growth last week, increasing by $2.19 billion according to Lookonchain data.

This increase in stablecoin supply coincided with a rebound of 91.62% in DEX spot volume and a surge of 104.06% in perp volume for the week-over-week (WoW) period.

In addition, four public companies accumulated 1,371 BTC worth $107.96 million, while Bitmine purchased 32,447 ETH for $81.01 million. Strategy's holdings remained unchanged.

The protocol revenue rose by 13.40% WoW, with Ostium leading the way at a remarkable 6435% spike in revenue, signaling renewed on-chain activity that supports higher BTC price prediction models and institutional crypto holdings tracking.