Stablecoin

Stellar

Comet

Scopuly

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<p>Total value locked (TVL) on <a href="https://x.com/StellarOrg" rel="noopener noreferrer nofollow">@StellarOrg</a> has fallen by about $74 million in just over a month, even as the network's stablecoin supply has risen sharply over the past week.</p>
<p>TVL on Stellar reached an all-time high of $272.84 million on October 1. By November 13, the figure had dropped by $73.97 million, or 27%, to $198.87 million. That is still well above the roughly $196.6 million peak recorded in January 2026, according to <a href="https://blockonomi.com/stellar-tvl-hits-200m-all-time-high-as-rwa-demand-and-native-defi-protocols-drive-q2-growth/" rel="noopener noreferrer nofollow">Blockonomi</a>, which cited DefiLlama data.</p>
<h2 id="tvl-pulls-back-after-a-volatile-year">TVL Pulls Back After a Volatile Year</h2>
<p>The latest decline follows a period of sharp swings in Stellar's DeFi metrics. DefiLlama data cited by <a href="https://u.today/stellar-unlocks-new-defi-milestone-at-over-273-million" rel="noopener noreferrer nofollow">U.Today</a> showed TVL climbing to nearly $273 million, the highest level since the network launched. Earlier, <a href="https://dailycoin.com/stellars-tvl-peak-unloads-60-can-xlm-hold-its-ground" rel="noopener noreferrer nofollow">DailyCoin</a> reported that TVL fell from a $270 million peak on August 22 to around $98 million by August 27, after an exploit on a Comet AMM liquidity pool backing the Blend protocol.</p>
<p>The pattern shows how sensitive TVL on Stellar can be to movements in a small number of protocols. TVL also measures only native DeFi activity. Stellar's broader tokenized asset footprint is much larger, with real-world assets on the network put at about $4.3 billion in the Stellar Development Foundation's third-quarter 2026 summary, as reported by <a href="https://en.coin-turk.com/stellar-trades-at-0-14533-remains-83yuzde-below-all-time-high-as-forecasts-diverge/" rel="noopener noreferrer nofollow">Coin-Turk</a>.</p>
<h2 id="stablecoin-supply-rises-nearly-18-in-a-week">Stablecoin Supply Rises Nearly 18% in a Week</h2>
<p>There was better news on stablecoins. Stellar's stablecoin supply is up nearly 18% on the week and now stands at more than $445 million.</p>
<p>Other trackers show a similar trend, though exact figures vary by data provider and snapshot time. Wallet provider Scopuly reported a 16.15% weekly gain to $411.58 million on November 9, with USDC accounting for about 81% of the total, according to a <a href="https://www.kucoin.com/news/insight/XLM/6af323d94fd70f00078eaa75" rel="noopener noreferrer nofollow">KuCoin News post</a>. Over the longer term, Allium Labs data cited by Coin-Turk put stablecoin supply at $546 million, a 91% increase over 12 months.</p>
<p>Rising stablecoin supply does not automatically mean stronger DeFi demand. A separate Scopuly update noted that DEX trading volume on Stellar fell 34.61% over the same seven-day period, suggesting that much of the new liquidity may be supporting payments, settlements or treasury use rather than trading.</p>
<p>For now, Stellar's DeFi TVL is lower than last month's peak, while its stablecoin base continues to expand.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://blockonomi.com/stellar-tvl-hits-200m-all-time-high-as-rwa-demand-and-native-defi-protocols-drive-q2-growth/" rel="noopener noreferrer nofollow">Blockonomi: Stellar TVL Hits $200M All-Time High</a><br><a href="https://u.today/stellar-unlocks-new-defi-milestone-at-over-273-million" rel="noopener noreferrer nofollow">U.Today: Stellar Unlocks New DeFi Milestone at Over $273 Million</a><br><a href="https://en.coin-turk.com/stellar-trades-at-0-14533-remains-83yuzde-below-all-time-high-as-forecasts-diverge/" rel="noopener noreferrer nofollow">Coin-Turk: Stellar Network Developments and Market Data</a></p>
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Stellar TVL Falls 27% From October Record as Stablecoin Supply Climbs

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