Gate Institutional Weekly: Stablecoin Supply Falls by Approximately $900 Million, While Protocol Revenue Declines Broadly (October 5–11, 2026)

Over the past week, resilient U.S. economic data and elevated oil prices kept Treasury yields high. U.S. equities continued to rise, supported by AI-related optimism and positive earnings expectations, while the crypto market weakened notably, with BTC down 3.31% and ETH falling more than 7%. BTC and ETH ETFs recorded net outflows of approximately $679 million and $542 million, respectively, while Gate TradFi’s weekly trading volume reached around $90 billion. On-chain liquidity and leverage contracted broadly, while hedging demand increased in the derivatives market.

Key Market Highlights:

• Market Focus: The 10-year U.S. Treasury yield briefly reached 5.36%. U.S. equities gained for the week, while crypto assets remained under pressure.

• ETF Flows: BTC and ETH ETFs posted net outflows of approximately $679 million and $542 million, respectively, signaling weaker institutional risk appetite.

• Gate TradFi: Weekly trading volume totaled approximately $90 billion, with activity increasingly concentrated in indices, ETFs, and U.S. equities.

• On-chain: DEX trading volumes declined broadly, stablecoin supply fell by approximately $900 million, and outstanding Aave loans decreased by 4.3%.

• Derivatives: BTC open interest fell 2.46%, while funding rates remained subdued. Options open interest increased and the skew turned negative across all maturities, indicating stronger demand for downside protection.

Discover more details today → Gate Institutional Weekly: Stablecoin Supply Falls by Approximately $900 Million, While Protocol Revenue Declines Broadly (October 5–11, 2026)

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
October 14, 2026

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