May 18–May 24, 2026 #LookonchainWeeklyReport

🟢 Overview

Stablecoin liquidity fell $687M, and DEX spot and perp volumes both declined. Public companies still added 612 BTC ($47.5M), while Strategy and Bitmine paused buying.

🟢 Stablecoin Market

The total stablecoin market cap decreased by $687M.

🟢 Spot & Perps Trading Volume on DEXs

🟢 Protocol Revenue

🟢 Last week, 4 companies increased their holdings by 612 $BTC(+$47.5M).

🟢 Institutional/Whale Activity

Michael Saylor(@saylor)'s @Strategy and Tom Lee(@fundstrat)'s #Bitmine didn't buy BTC or ETH last week.

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