# Stablecoin Market Cap Drops $4.53 Billion as DEX Spot Volume Rises 24% By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/46676 Published: 2026-11-02T17:19:52.000Z Updated: 2026-11-02T17:19:52.000Z Section: Investing > Perpetual DEX volume also increased, gaining 5.79% week over week. The figures do not show that one market move caused the other. 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](). ## Links in this article - [an earlier look at stablecoin and DEX activity](https://www.tokenpost.com/news/investing/35100)