Sept 28–Oct 4, 2026 LookonchainWeeklyReport 🟢 Overview Stablecoin supply grew by $715.8M last week, DEX spot volume slipped and perp volume fell, while public companies added 3,342 BTC. 🟢 Stablecoin Market The total stablecoin market cap increased by $715.8M. 🟢 Spot & Perps T

1 SOURCE CONFIRMED · FIRST SEEN 2026-10-05 14:57 UTC

KINDNews

DIRECTION▲ Bullish

SOURCES1

ENTITIES3

STORY SIZESTANDALONE

FIRST SEEN2026-10-05 14:57 UTC

LAST UPDATE2026-10-05 14:57 UTC

STATEactive

01 THE MACHINE READ

WHY IT MATTERS.

Stablecoin supply growth and corporate BTC buying add liquidity and demand, though falling DEX volumes show cooling speculative activity.

Liquidity builds even as trading volumes cool

CATALYST TO WATCH

Stablecoin supply trend and corporate purchases

MAIN RISK

Falling perp and DEX volume signals fading interest

FULL DISPATCH

Sept 28–Oct 4, 2026 #LookonchainWeeklyReport 🟢 Overview Stablecoin supply grew by $715.8M last week, DEX spot volume slipped and perp volume fell, while public companies added 3,342 BTC. 🟢 Stablecoin Market The total stablecoin market cap increased by $715.8M. 🟢 Spot & Perps Trading Volume on DEXs DEX spot volume slipped 3.92% and perp volume fell 9.85% WoW. 🟢 Protocol Revenue Protocol revenue slipped 2.57% WoW, while SundaeSwap led weekly revenue growth with a 11613% increase. 🟢 Last week, 4 companies increased their $BTC holdings by a combined 3,342 $BTC($286.31M). 🟢 Institutional/Whale Activity #Strategy bought 334 $BTC($28.61M), and #Bitmine bought 15,112 $ETH($40.86M) last week.

02 THE STORY SO FAR