Stablecoin Supply Swells $2.79B as DEX Volumes Dip

The past week saw significant developments in the cryptocurrency market, according to the latest #LookonchainWeeklyReport from Moomoo. The stablecoin supply grew by a substantial $2.79B between September 21-27, 2026. Meanwhile, decentralized exchange (DEX) spot volume fell by 6.44% and perpetual contract (perp) volume slipped by 1.71% week-over-week.

The protocol revenue also showed an increase of 3.41% WoW, with USD AI leading the pack with a remarkable 53,514% rise in weekly revenue growth. Furthermore, four companies added a combined total of 2,938.0 BTC to their Bitcoin holdings, increasing their aggregate value by $246.07M.

Notable institutional and whale activity included #Strategy buying 1,666 BTC worth $139.53M and #Bitmine purchasing 17,362 ETH valued at $46.82M last week.