Stablecoin market cap rises about $1B last week as DEX activity slows

Stablecoin market capitalization rose by about $1 billion over the past week, while trading activity on decentralized exchanges slowed, Crypto Briefing reported, citing on-chain analytics firm Lookonchain’s weekly report. According to Lookonchain, the total stablecoin market cap increased by $987.1 million over the past seven days. DEX trading volume declined overall, with DEX spot volume down 4.94% from the previous week and perpetual futures volume falling 12.74% over the same period. Crypto Briefing said capital is flowing into the market and “총알은 준비됐다”.

Source: Coinness