Stellar Reaches New TVL Peak — Will XLM Surge Next?

• Recent on-chain data from DeFiLlama shows that Stellar’s Total Value Locked (TVL) has surged past $90 million.
• Also, there is increased stablecoin usage in the network, which translates to high network activity and confidence.

Stellar (XLM) is a decentralized, open-source payment network designed to facilitate faster and more affordable international money transfers using blockchain technology. Initially focused on cross-border transactions, Stellar has grown into a major player in the remittance and digital payments space. Its native token,  XLM, serves as both a bridge currency and a way to pay transaction fees on the network.

XLM Price Action

As of now, the Stellar ecosystem is showing solid growth. Data from DefiLlama shows that it has $98.99 million in Total Value Locked (TVL), representing a 3.17% increase over the past 24 hours. This rise in TVL is an encouraging indicator that more users and liquidity are entering the network, boosting confidence in Stellar’s long-term potential. The stablecoin market cap on the network stands at $650.53 million, while 24-hour app fees reached $2,582, and decentralized exchange (DEX) trading volume hit $2.81 million. To top it off, the network has raised an additional $3 million in funding, signaling continued investor confidence and fueling further development within the ecosystem.

Derivatives activity around XLM is also heating up, with a 14.03% jump in volume to $210.76 million and a 9.17% rise in open interest to $178.51 million. The long/short ratio is currently at 1.0096, indicating a slightly bullish sentiment among traders.

At the time of press, XLM is trading at $0.2825, showing a 3.41% increase in the last 24 hours and a 2.95% gain over the past week. Its market cap is $8.81 billion, reflecting a minor dip of 3.37%, but its 24-hour trading volume has jumped by 31.28%, hitting $275.57 million. This is a sign that interest in XLM is clearly growing.

Growing DeFi participation, increasing derivatives activity, and fresh capital inflows, Stellar is flashing bullish signals. Scopuly, a wallet built on Stellar, is optimistic. The platform hinted that Stellar (XLM) might be gearing up for a  breakout, posing the question: “Is a $4.50 target in sight?”

Institutional Recognition

XLM is in the spotlight. On June 2, Nasdaq submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) under Rule 19b-4. This is an important step for expanding its digital asset benchmarks. In this proposal, Nasdaq announced plans to add more altcoins to its growing crypto index, and Stellar Lumens (XLM) is among the few included. Alongside XLM, the list features Solana (SOL) and Cardano (ADA). This is reinforcing the credibility and growing institutional interest in these assets.

With this move, XLM joins an elite list of cryptocurrencies already featured in the Nasdaq Crypto Index, which currently includes Bitcoin (BTC), Ethereum (ETH), XRP, Chainlink (LINK), Litecoin (LTC), and Uniswap (UNI), among others.

The inclusion of Stellar validates its role in the evolving digital finance landscape but also signals growing recognition of its utility, especially in global payments and cross-border remittances. Commenting on this, one X user stated,” Most still think this is a retail coin. They have no clue what’s coming next. Are you ready for when the serious money flows in?