🟢 Network overview (Onchain Overview)
Last week, Galaxy sold over 80,000 BTC from a Satoshi-era investor, causing the Bitcoin price to drop below $115,000.
Market activity has decreased compared to the previous week – trading volumes in both the spot market and derivatives have fallen.
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🟢 Stablecoin market
Last week:
— Tether issued $3 billion in $USDT on the Ethereum and Tron networks.
— Circle issued $750 million in $USDC on the Solana network.
— The total market capitalization of stablecoins increased by $4.69 billion.
— Growth in the Tron network: +$550 million, in Ethereum: +$519 million.
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🟢 Trading volume on DEX (spot and perpetual contracts)
The volume of spot trading on DEX amounted to $121.55 billion (a decrease of 5.74%):
PancakeSwap: $38.471 billion (–14%)
Uniswap: $25.656 billion (–6.12%)
Raydium: $8.798 billion (+4.76%)
The volume of derivatives trading on DEX is $131.211 billion (–4.43%):
Hyperliquid: $88.799 billion (–8.62%)
Jupiter: $6.185 billion (+13.63%)
edgeX: $5.229 billion (+54.38%)
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🟢 BTC purchases by public companies
17 public companies acquired a total of 6,315 BTC worth $746 million.
MicroStrategy made no purchases last week.
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🟢 Activity of institutions and whales
Major players continue to actively buy Ethereum:
— 8 new wallets acquired 583,248 ETH worth $2.17 billion since July 9.
— SharpLink purchased another 77,210 ETH (approximately $295 million).
— Galaxy completed the sale of over 80,000 BTC (worth over $9 billion) from an early investor.
