Jan 26–Feb 1, 2026 #LookonchainWeeklyReport 🟢 Overview The stablecoin market cap fell $3.94B, led by heavy outflows from Ethereum, Solana, and Base. DEX spot and perp volumes surged as last week’s sharp market drop drove heightened trading volatility. 🟢 Stablecoin Market The total stablecoin market cap decreased by $3.94B. 🟢 Spot & Perps Trading Volume on DEXs 🟢 Protocol Revenue 🟢 Last week, 7 companies increased their holdings by 2,003.92 $BTC(+$158M). 🟢 Institutional/Whale Activity Tom Lee(@fundstrat)'s #Bitmine bought another 41,788 $ETH($96.95M) and Michael Saylor(@saylor)'s @Strategy bought another 855 $BTC($75.22M) at $87,974 last week. Trend Research sold 53,589 ETH($127M) and #BitcoinOG(1011short) sold 121,185 $ETH($292M) to repay the loan. #BitcoinOG(1011short) was finally liquidated, with a total loss of $128.87M.