According to @lookonchain, the total stablecoin market cap fell by $1.81B last week, with USDT and USDC on Ethereum declining by $3.38B, source: Lookonchain on X, Sep 29, 2025. According to @lookonchain, DEX spot trading volume reached $140.33B, up 18.68% week over week, with Uniswap at $28.89B (+25.01% WoW) and PancakeSwap at $22.335B (+7.19% WoW), source: Lookonchain on X, Sep 29, 2025. According to @lookonchain, DEX perpetuals volume totaled $515.258B, a 230.72% WoW surge led by Aster at $270.679B (+2,385.80% WoW) and Hyperliquid at $80.527B (+34.05% WoW), source: Lookonchain on X, Sep 29, 2025. According to @lookonchain, whales and institutions were active: BitMine bought 234,846 ETH ($963M) and now holds 2,650,900 ETH ($10.87B); Strategy bought 196 BTC ($22.1M) at about $113,048 and holds 640,031 BTC ($72.9B); two whales accumulated 129.59M ASTER ($259M), equal to 7.82% of circulating supply, source: Lookonchain on X, Sep 29, 2025.

According to @lookonchain, the total stablecoin market cap rose by $3.65B last week, including $1.97B added on Ethereum and $533M on Hyperliquid (source: Lookonchain). According to @lookonchain, DEX spot trading volume reached $109.096B (+15.09% WoW), led by Uniswap at $22.635B (-3.91% WoW), PancakeSwap at $15.347B (-0.01% WoW), and Meteora at $7.079B (+23.11% WoW) (source: Lookonchain). According to @lookonchain, DEX perps volume totaled $117.47B (+9.59% WoW), with Hyperliquid at $65.527B (+8.14% WoW), edgeX at $12.748B (+27.84% WoW), and BasedApp at $6.242B (+694.15% WoW) (source: Lookonchain). According to @lookonchain, these figures imply combined spot and perps DEX volumes of roughly $226.6B for the week, underscoring rising on-chain trading activity (source: Lookonchain). According to @lookonchain, institutional/whale flows included a strategy wallet buying 525 BTC (~$60.2M) at ~@$114,562, Galaxy Digital facilitating Forward Industries’ purchase of 6,822,000 SOL (~$1.58B) at ~$232 average over five days, and BitMine buying 82,233 ETH (~$370.5M) while holding 2,151,676 ETH (~$9.7B) (source: Lookonchain). According to @lookonchain, the stablecoin inflows, higher DEX volumes, and large BTC, ETH, and SOL buys indicate increased on-chain liquidity and institutional participation last week (source: Lookonchain).

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.