According to Lookonchain's weekly report for July 20-26, the total stablecoin market cap increased by $113.2 million. Meanwhile, DEX trading cooled, with spot volume down 6.65% and perpetuals volume down 14.9% week-over-week. Institutional activity remained muted, as public companies collectively reduced their Bitcoin holdings by 360 BTC ($23.22 million), and Bitmine bought 9,946 ETH ($19.38 million).