According to @lookonchain, for Jan 12-18, 2026, the total stablecoin market cap increased by $3.82B, with Solana and Base driving the strongest inflows (source: Lookonchain on X, Jan 19, 2026). DEX activity was mixed as spot volume climbed while perpetuals volume dipped slightly (source: Lookonchain on X, Jan 19, 2026). Five companies increased their holdings by a combined 5,514 BTC, equivalent to $512.6M (source: Lookonchain on X, Jan 19, 2026). Whale activity remained elevated: the Bitcoin OG address 1011short added another 20,000 ETH worth $65.9M (source: Lookonchain on X, Jan 19, 2026). Arthur Hayes bought 19,227 HYPE valued at $499K again after three months (source: Lookonchain on X, Jan 19, 2026).

According to @lookonchain, DEX spot trading volume totaled $94.796B last week, down 17.16% week over week, while DEX perpetuals volume fell 27.89% to $107.187B, source: @lookonchain. Uniswap handled $23.556B (-23.09% WoW), PancakeSwap $15.349B (+10.60% WoW), and Meteora $5.75B (+32.49% WoW), source: @lookonchain. Perps venues saw Hyperliquid at $60.596B (-31.22% WoW), edgeX $9.972B (-0.23% WoW), and Orderly $4.36B (-33.22% WoW), source: @lookonchain. The total stablecoin market cap increased by $2.04B, with USDT and USDC on Ethereum up $2.66B and on Solana down $775M, source: @lookonchain. Six listed companies purchased 3,647.17 BTC (~$410M), Bitmine (BMNR) bought another 202,469 ETH ($881M) to hold 2,069,443 ETH (~$9B), and the Ethereum Foundation sold 10,000 ETH ($42.7M), source: @lookonchain.