Stablecoin Supply Rises $2.69B as DEX Spot and Perpetual Volumes Fall Week-on-Week

Stablecoin market capitalization expanded by $2.69B during the week of Mar. 9–15, 2026, even as DEX trading activity slowed, with both spot and perpetual volumes declining week-on-week, the #LookonchainWeeklyReport shows. Institutional and whale entities continued to accumulate crypto, with Strategy purchasing 22,337 BTC worth $1.57B at $70,194 and Bitmine acquiring 60,999 ETH valued at $140.3M. Over the same period, nine companies collectively boosted their Bitcoin holdings by 21,467.34 BTC, adding roughly $1.58B in BTC exposure.