July 21–27, 2025 #LookonchainWeeklyReport 🟢 Onchain Overview Last week, Galaxy sold off over 80,000 BTC for a Satoshi-era investor, sending BTC plunging below 115,000. Market activity has cooled compared to the previous week, with both DEX spot and perps trading volumes down. 🟢 Stablecoin Market Last week, Tether minted 3B USDT on #Ethereum and #Tron, and #Circle minted 750M USDC on #Solana. The total stablecoin market cap increased by 4.69B. Stablecoins(USDT&USDC) on #Tron increased by 550M and on #Ethereum increased by 519M. 🟢 Spot & Perps Trading Volume on DEXs The DEX spot trading volume reached 121.55B last week, down 5.74% from the previous week. Breakdown: PancakeSwap: 38.471B (WoW -14%) Uniswap: 25.656B (WoW -6.12%) Raydium: 8.798B (WoW +4.76%) Meanwhile, DEX perps trading volume totaled 131.211B, a 4.43% decrease week-over-week. Breakdown: Hyperliquid: 88.799B (WoW -8.62%) Jupiter: 6.185B (WoW +13.63%%) edgeX: 5.229B (WoW +54.38%) 🟢 Announced BTC purchases 17 listed companies purchased 6,315 BTC (746M) last week. MicroStrategy(@Strategy) did not purchase BTC last week. 🟢 Institutional/Whale Activity Whales/institutions continued to buy ETH last week. 8 fresh wallets bought 583,248 ETH(2.17B) since July 9. https://x.com/lookonchain/status/1948925160922440028 SharpLink(@SharpLinkGaming) bought another 77,210 ETH(295M). https://x.com/lookonchain/status/1949642059046146559 Last week, Galaxy completed the sale of over 80,000 BTC(9B+) for a Satoshi-era investor. https://x.com/lookonchain/status/1948929554065895817(Lookonchain)