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://t.co/eIGcsm3wS4 SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M). https://t.co/yqCuizjXGe Last week, Galaxy completed the sale of over 80,000 $BTC($9B+) for a Satoshi-era investor. https://t.co/CyrAEqHL92