X @Messari

RT Matt Kreiser (@KreiserMatt).@StellarOrg Q1 2026: DeFiDeFi total-value locked (TVL) on Stellar increased 1.1% QoQ to $174.4 million, even as the price of XLM (which makes up roughly 70% of TVL) decreased 16.6% QoQ from $0.201 to $0.167. This follows explosive 284% YoY growth from $44.9 million at the end of 2024 to $172.6 million at the end of 2025.While TVL was effectively flat QoQ, TVL share by protocol type was not. DEXs' share of TVL declined, and TVL of lending and borrowing protocols like @blend_cap ...