TechFlow news, August 18: According to on-chain analytics platform Lookonchain (@lookonchain), last week three institutions—BlackRock, BitMine, and SharpLink—collectively purchased 1.096 million ETH worth approximately $4.72 billion, accounting for 0.91% of ETH's total supply. During the same period, eight listed companies collectively acquired 1,842 BTC with a total value of $212 million.
The stablecoin market expanded by $6.72 billion, with USDT and USDC on the Ethereum network increasing by $4.46 billion. Decentralized exchanges remained active, recording $124.264 billion in spot trading volume, a weekly increase of 29.47%, and $164.684 billion in perpetual contract trading volume, up 48.64% from the previous week.
Notably, as ETH price rose, some early Ethereum investors and wallets associated with the Ethereum Foundation took profits, while certain highly leveraged traders faced liquidations.
