Lookonchain Weekly Report (Apr 20–Apr 26, 2026): Liquidity Steady, DEX Volumes Slide; Public Firms Add 4,189 BTC
Lookonchain Weekly Report for Apr 20–Apr 26, 2026: Liquidity conditions were largely unchanged, with stablecoin inflows totaling just $53M. Trading activity weakened across decentralized exchanges, as both spot and perpetuals volumes fell sharply week over week. Despite the cooldown in volumes, institutional accumulation continued. Public companies increased their bitcoin holdings by 4,189 BTC, valued at $321.5M.
Stablecoin market: Total stablecoin market capitalization rose by $53M.
DEX spot & perps: Spot and perpetuals trading volumes declined significantly week over week.
Protocol revenue: Not specified.
Institutional/whale activity: Tom Lee (@fundstrat)’s Bitmine added 101,901 ETH worth $236M. Michael Saylor (@saylor)’s Strategy bought an additional 3,273 BTC worth $255M at an average price of $77,906 during the week.