Key Takeaways
The total value locked (TVL) on the Stellar network surpassed $235 million for the first time on April 30, propelled by accelerating activity on its Soroban smart contract platform.
The milestone, tracked by on-chain data aggregator DefiLlama, reflects growing adoption of Stellar for tokenizing real-world assets (RWAs), a sector where the network has quietly built a significant presence. The platform's TVL has expanded as major financial firms use its infrastructure for regulated digital assets.
Despite the on-chain momentum, Stellar’s native token XLM has traded in a tight range, consolidating near $0.162. The network has recently secured expanded partnerships with MoneyGram for stablecoin remittances and Visa for low-cost settlements. It also supports Franklin Templeton’s tokenized U.S. Treasury fund and PayPal’s PYUSD stablecoin, which contribute to its more than $1.2 billion in tokenized RWAs.
Traders are now watching if the fundamental growth can translate into price momentum. A decisive break above the $0.165 resistance level could signal further upside toward the $0.20 mark, according to technical analysts. Conversely, a failure to hold the current range could see a retest of support around $0.15. The upcoming Protocol 26 "Yardstick" upgrade, which aims to improve developer experience, is seen as the next major event for the network.
This article is for informational purposes only and does not constitute investment advice.
