Core Insights - Stellar (XLM) has experienced a significant price drop, falling below $0.20, which has erased its previous recovery from last year. Despite this, there are positive indicators suggesting continued investor interest in the ecosystem [1][2]. Group 1: Market Performance - The amount of XLM locked in DeFi protocols on the Stellar network reached a new all-time high of over 900 million XLM in early February 2026, indicating growth in Stellar's DeFi ecosystem [2]. - The total value locked (TVL) in USD on Stellar is approximately $163 million, reflecting strong community confidence and long-term investor interest in the network's adoption potential [4]. - Key protocols driving capital inflow include Blend and Aquarius Stellar, which together account for nearly 70% of the total TVL [5]. Group 2: User Activity - Weekly active users in the Stellar ecosystem have remained stable at around 60,000, showing no significant decline despite the drop in XLM price [6]. - Historical data indicates that user activity remained stable even during previous price drops, suggesting that existing users are not abandoning the network [7]. Group 3: Market Dynamics - Derivatives metrics show that XLM may be entering a new consolidation zone, with open interest volume at its lowest since November 2024, indicating reduced leveraged exposure among traders [8]. - This decline in volatility may lead to a sideways market phase, potentially allowing for a new accumulation zone to form [9]. Group 4: Future Drivers - The total value of tokenized real-world assets on Stellar, excluding stablecoins, reached $1 billion at the start of this year, suggesting that real-world assets and stablecoins could be significant drivers for XLM in 2026 [10][11].