Stellar DeFi TVL reaches record $273 million

The Stellar network’s decentralized finance (DeFi) ecosystem reached a new all-time high in total value locked (TVL), surpassing $273 million on October 2. This milestone follows a steady upward trend, rising from approximately $265 million just one week prior.

In addition to the TVL growth, the network reported a stablecoin market capitalization of $934.54 million and approximately $2.82 billion in active real-world assets under management. On-chain activity remains high, with daily active addresses reaching 94,972, nearing the 100,000 mark. Decentralized exchanges within the ecosystem also recorded a daily trading volume of $3.38 million.

Stellar utilizes Soroban to provide smart contract capabilities, enabling developers to build programmable financial applications on the blockchain. The recent surge in capital and user engagement highlights the expanding financial footprint of the Stellar ecosystem.