Stablecoin Supply Increases by $121 Million as Perpetual Contract Trading Volume Slows
On July 13, Lookonchain released its on-chain weekly report, indicating that from July 6 to July 12, the total supply of stablecoins increased by approximately $121 million, marking a return to growth. DEX spot trading volume saw a slight rebound, but the trading volume of perpetual contracts continued to slow down. Last week, seven companies collectively reduced their holdings by 909.3 BTC, worth about $56.96 million; Strategy did not increase or decrease its BTC holdings for a consecutive week, while Bitmine increased its holdings by 27,801 ETH, valued at approximately $49.12 million.
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