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.

SharpLink(@SharpLinkGaming) bought another 77,210 $ETH($295M).

Last week, Galaxy completed the sale of over 80,000 $BTC($9B+) for a Satoshi-era investor.