Stellar (XLM) Drops Below $0.20, But On-Chain Activity Hits New Highs
Despite XLM falling below $0.20, Stellar's DeFi Total Value Locked and user activity remain strong, suggesting underlying network confidence.Summary
Stellar (XLM) has dropped below the $0.20 support level, erasing recent recovery gains. However, several on-chain metrics indicate sustained investor confidence. The Total Value Locked (TVL) in XLM across Stellar's DeFi protocols reached an all-time high of over 900 million XLM in early February 2026, driven primarily by liquidity protocols like Blend and Aquarius Stellar. Furthermore, weekly active users have remained stable around 60,000, showing that users are not abandoning the network despite the price drop. Derivatives data shows Open Interest volume has fallen to its lowest level since November 2024, suggesting reduced leveraged trading and a potential shift toward a consolidation phase. Looking ahead, the adoption of tokenized Real-World Assets (RWAs) and stablecoins, such as MoneyGram's USD-backed stablecoin testing on Stellar, are expected to be the main fundamental drivers for future XLM accumulation.
(Source：BeInCrypto)