Stellar (XLM) Drops Below $0.20, But On-Chain Activity Hits New Highs

Stellar (XLM) has fallen below $0.20, erasing the recovery it achieved last year. Despite the price decline, on-chain indicators point to continued engagement within the ecosystem. Data from DefiLlama shows more than 900 million XLM are locked in Stellar DeFi, a record high, while network TVL measured in USD is about $163 million.

Blend and Aquarius together account for nearly 70% of that locked value. Artemis reports weekly active users have remained near 60,000, and open interest in derivatives has dropped to its lowest level since November 2024, indicating reduced leveraged exposure and lower volatility that may enable consolidation.

Tokenized real-world assets on Stellar excluding stablecoins reached roughly $1 billion, Stellar ranks among the top four RWA projects by GitHub activity, and stablecoin supply on the network is around $200 million with firms testing USD-backed instruments.

stellar (xlm), below $0.20, on-chain activity, defillama, more than 900 million xlm, stellar defi, about $163 million, blend and aquarius, nearly 70% of that locked value, weekly active users, near 60,000, open interest in derivatives, reduced leveraged exposure, lower volatility