Stellar Surpasses All-Time High in TVL Amid Growing User Activity

The Stellar network has hit an all-time high in its total value locked (TVL), reaching $273 million as of October 2. This milestone comes just one week after the network's TVL initially climbed to around $265 million, indicating steady growth in capital deployed across protocols based on its network.

In addition to this record-breaking TVL growth, the Stellar network has also seen a surge in user participation, with active addresses nearing 100,000. This increased activity has brought the network closer to achieving a major milestone in user engagement.

The network's DeFi performance has been impressive, with $934.54 million in stablecoin market capitalization and $2.82 billion in active real-world asset (RWA) assets under management. The 24-hour DEX volume on the Stellar network reached $3.38 million, further highlighting its growing activity.