Stellar DeFi Hits New TVL Record as Active Wallets Near 100,000 - Blockonomi
by Brenda Mary · BlockonomiTLDR:
Table of Contents
- TLDR:
- Stellar DeFi Sets TVL Record as Stablecoin Holdings Expand
- Active Addresses Near 100,000 as Trading and Asset Use Rise
- Stellar DeFi reached record TVL near $273 million on October 2. The total rose from approximately $265 million one week earlier.
- Stablecoin market capitalization stood at $934.54 million. Active real-world assets under management reached approximately $2.82 billion.
- Daily active addresses reached 94,972, leaving 5,028 to reach 100,000. Decentralized exchanges recorded $3.38 million in daily trading volume.
- XLM supports transaction fees, account reserves, and smart contract rent. These functions connect the native token with Stellar applications.
The Stellar DeFi ecosystem reached a record total value locked of nearly $273 million on October 2, according to DeFiLlama. The milestone followed a reading near $265 million one week earlier, extending growth across applications on the payments-focused blockchain. Stablecoin holdings and tokenized assets also highlighted the network’s expanding financial footprint.
Stellar recorded $934.54 million in stablecoin market capitalization and approximately $2.82 billion in active real-world assets under management. Daily decentralized exchange volume reached $3.38 million, while active addresses totaled 94,972. Those figures place Stellar close to 100,000 daily active addresses, covering payments and financial applications within the XLM ecosystem.
Stellar DeFi Sets TVL Record as Stablecoin Holdings Expand
The increase from about $265 million to nearly $273 million amounts to roughly $8 million, or around 3%. This comparison measures the change in dollar-valued assets across tracked protocols.
DeFiLlama defines total value locked as assets held within protocol contracts. The measure captures funds supporting services such as lending, trading, and liquidity provision.
Stellar DeFi applications operate alongside the network’s established asset issuance and payment tools. Soroban provides the smart contract capabilities developers use to build programmable financial applications.
These applications can connect lending markets, liquidity pools, and automated trading functions. DeFiLlama tracks individual protocols, allowing users to examine how the network total is distributed.
Dollar-based TVL changes with deposits, withdrawals, and asset prices. DeFiLlama therefore tracks inflows separately, helping analysts identify movements of funds alongside changes in valuation.
The stablecoin figure measures the value of stablecoins circulating on Stellar. These assets support transfers, settlement, and trading pairs across applications within the XLM ecosystem.
Earlier in 2026, MoneyGram launched MGUSD, a digital dollar issued on Stellar. The foundation’s second-quarter review placed stablecoin transfer volume at $11.4 billion, up 72% from the previous quarter. The quarterly figure covers transfers, while decentralized exchange volume measures trades.
Stellar DeFi growth sits within a broader tokenization effort. The Stellar Development Foundation reported a separate real-world asset milestone above $3 billion in June. DeFiLlama’s live data shows the current TVL at $263.89 million, below the reported October 2 record. Stablecoin market capitalization stood at $934.61 million when checked, while activity figures remained consistent.
Active Addresses Near 100,000 as Trading and Asset Use Rise
The reported 94,972 active addresses left Stellar 5,028 addresses below the 100,000 threshold. This count describes activity during a daily measurement period.
Address activity offers another way to assess Stellar DeFi alongside the value held in applications. However, wallet counts measure addresses, and one participant can operate several accounts.
The $3.38 million in daily decentralized exchange volume measures traded value across tracked venues. Trading volume and TVL describe different aspects of activity: executed trades and assets held in protocols.
Stellar DeFi operates alongside payment tools and tokenized real-world assets. The foundation reported tokenized Treasury products, sovereign bond funds, credit and gold among assets issued on the network. These products extend asset coverage across several financial markets.
Blend is listed among Stellar’s lending protocols, while Aquarius and Soroswap provide decentralized trading applications. The services span borrowing, liquidity provision and asset swaps on the network.
Stellar’s analytics directory links to DeFiLlama for protocol TVL and historical network totals. The foundation’s Blend dashboard tracks total lending deposits, borrowing, pool utilization and transaction volume.
XLM supports network activity through transaction fees, account reserves and smart contract storage rent. These functions connect the native token to payments and applications operating across Stellar.
Stellar DeFi transactions use fee rules that account for both inclusion and consumed computing resources. Smart contract data also incurs storage rent based on its size and duration.
Network accounts must maintain minimum balances calculated from Stellar’s base reserve. Additional entries, including trustlines and offers, increase reserve requirements, while sponsorship lets another account cover eligible reserves.