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Stablecoin Market Cap Drops $4.53 Billion as DEX Spot Volume Rises 24%

Perpetual DEX volume also increased, gaining 5.79% week over week. The figures do not show that one market move caused the other.

By Enna Lee
Published
Separate glass vessels show one low waterline and one stronger flow. / TokenPost.ai
Separate glass vessels show one low waterline and one stronger flow. / TokenPost.ai

Stablecoin market capitalization declined by $4.53 billion last week while decentralized exchange (DEX) spot volume rose 24.06% week over week, showing opposing moves in the two market measures.

Perpetual DEX volume increased 5.79% over the same weekly comparison. Stablecoins are crypto assets designed to maintain a stable value and provide a base for transactions and liquidity. The figures show the measures moved in opposite directions but do not establish that one caused the other.

An earlier Oct. 12-18 reading showed market capitalization down $1.65 billion, with spot DEX volume up 5.83% and perpetual volume up 4.36%, in an earlier look at stablecoin and DEX activity.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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