Key Highlights
- Stellar TVL crossed $200 million for the first time, reaching a new all-time high.
- Real-world assets (RWAs) are driving this growth, with total tokenized assets on the network at about $1.64 billion.
- Despite the growth, XLM price remains weak, trading around $0.17 with a risk of a further drop if it fails to move higher.
Stellar surpassed $200 million in total value locked (TVL) for the first time, reaching about $204.94 million, according to data from DefiLlama. This means that activities in its decentralized finance ecosystem are growing fast.
The figure is the highest the network has ever reached, surpassing the previous peak of around $196.6 million recorded in January 2026.
This milestone comes as several Layer 1 and Layer 2 networks have struggled to maintain their TVL levels this year. In contrast, Stellar has continued to show steady expansion heading into the second quarter.
Growth driven by real-world assets
A key factor behind this rise is the network’s push into real-world assets (RWAs). Over the past few months, Stellar has focused on becoming a settlement layer for tokenized financial products such as government bonds and real estate-linked assets. These assets are helping to bring more liquidity on-chain and are feeding into the DeFi activity.
The $204 million TVL only shows the money inside DeFi apps. But there is more happening outside that number. According to data from RWA.xyz, the total value of tokenized assets on Stellar alone is around $1.64 billion. These two figures measure different areas, but the RWA side plays a role in supporting DeFi use on the network.
This surge is driven by some large institutional investors, including Spiko, which currently leads with about $744.8 million in distributed asset value through its euro and dollar treasury products.
Asset manager Franklin Templeton follows behind with roughly $625 million, while Circle, the issuer of USDC, contributes around $24.01 million. These companies alone represent a major share of Stellar’s tokenized asset activity.
Data from Massari also shows that Stellar’s RWA market value, not counting stablecoins, reached $1.52 billion by the end of the first quarter of 2026 before crossing above $2 billion on April 11. The network also recorded a 284% year-over-year TVL growth in 2025, with that trend continuing into early 2026.
XLM price remains under pressure
Despite the growth, Stellar’s native token XLM continues to lag. At press time, the token is trading around $0.17, down a modest 2.19% in the last 24 hours. This adds to a 35% drop in a year.
On the daily chart, the token is trading to the downside with its 100-day exponential moving average near $0.1798, which is acting as resistance.
If the token fails to break above the level, it falls back to $0.136, which is the current internal swing low. On the other hand, a move above $0.1798 could open the path to the upside, starting a rally with potential to reach $0.25.
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