Stellar DeFi Ecosystem Surpasses $273M in Total Value Locked

Stellar's decentralized finance (DeFi) ecosystem has reached a new milestone, surpassing $273 million in total value locked (TVL) as of October 2.

This marks the highest level of TVL the network has ever reached since its launch, according to data from DeFiLlama.

The surge in Stellar's DeFi performance is attributed to increased participation among users, with the network's active addresses reaching 94,972, close to the 100,000 milestone.

In addition to its record TVL growth, Stellar has also seen substantial increases in its on-chain activity, with $934.54 million in stablecoin market capitalization and $2.82 billion in active real-world asset (RWA) assets under management.