TVL Reaches New All-Time High

Stellar's decentralized finance ecosystem has reached a new milestone. The network's total value locked hit a record of nearly $273 million on October 2, up from approximately $265 million just one week earlier. The figures come from DeFiLlama, which tracks on-chain deposits across lending markets, liquidity pools, and other DeFi applications on the network.

The record reflects increased user participation and notable growth across Stellar's DeFi applications. That momentum sets Stellar apart from much of the broader market. Most Layer 1 and Layer 2 chains lost liquidity through 2026, while Stellar moved in the opposite direction, posting strong year-over-year TVL growth and carrying that momentum into Q1 and Q2.

Stablecoins, RWAs, and On-Chain Activity

Alongside its record TVL, 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 totalled 94,972, putting the network close to the 100,000 daily active address milestone.

The real-world asset figure reflects a broader growth story on the network. On October 4, Stellar recorded the largest daily increase in RWA value among ten leading blockchain networks, adding $36.4 million as the sector's combined market capitalization rose by $96.5 million over 24 hours, according to RWA Foundation. That gave Stellar a 37% share of tracked daily RWA growth, putting it ahead of BNB Chain during the same period.

Institutional interest has been a consistent driver. As of late August, Spiko was the network's largest single RWA issuer at $1.55 billion, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million, and Ondo at $535 million. MoneyGram also launched MGUSD, a US dollar-pegged stablecoin, on Stellar in June 2026 to power its global payments network, letting customers hold a dollar balance in a self-custodial wallet and move funds across roughly 500,000 retail locations.

Sources

Blockonomi: Stellar DeFi Hits New TVL Record as Active Wallets Near 100,000
U.Today: Stellar Unlocks New DeFi Milestone at Over $273 Million
Hokanews: Stellar Leads Daily RWA Growth as Tokenized Assets Reach $3.47 Billion