Stellar (XLM) Drops Below $0.20, But On-Chain Activity Hits New Highs
Stellar (XLM) has fallen under $0.20. This transfer has erased the entire restoration it achieved final 12 months. However, a number of optimistic indicators recommend that many buyers are nonetheless staying inside the ecosystem.
In addition, real-world belongings (RWA) and stablecoins might turn out to be key drivers of additional XLM accumulation.
Positive Signs for Stellar (XLM) Despite the Sharp Price Drop
Data from DefiLlama exhibits that the quantity of XLM locked in DeFi protocols on the Stellar community reached a brand new all-time high in early February 2026. It surpassed 900 million XLM.
This milestone displays the expansion of Stellar’s DeFi ecosystem. It comes whilst XLM continues to fall under the 12 months’s key assist degree at $0.20.
Although Stellar’s TVL, measured in USD, presently sits round $163 million, the sharp rise in locked XLM underscores sturdy confidence from the neighborhood and long-term buyers within the community’s adoption potential.
The principal protocols driving this capital influx embrace Blend, a liquidity protocol that permits anybody to create versatile lending markets on Stellar, and Aquarius Stellar, an AMM protocol and liquidity administration layer for the community. Together, these two protocols account for almost 70% of whole TVL.
Artemis information additionally reveals one other notable sign. Weekly lively customers throughout the Stellar ecosystem have remained regular at round 60,000 over the previous few weeks. No vital decline has appeared regardless of the deep XLM worth dump.
The chart signifies that in late 2024, when XLM fell under $0.10 earlier than rising to $0.60, consumer exercise remained secure and even trended upwards.
This means that Stellar customers are usually not abandoning the community, whilst capital continues to exit the broader crypto market. However, the present lack of latest customers could clarify why XLM has not but recovered.
Derivatives metrics additionally point out that XLM might be coming into a brand new consolidation zone. Open Interest quantity has dropped to its lowest degree since November 2024. This decline displays a pointy discount in leveraged publicity amongst merchants.
As a end result, sturdy volatility could also be fading. XLM might now be transferring right into a sideways part, with much less leveraged shopping for and promoting strain. This setting usually permits a brand new accumulation zone to kind.
However, figuring out the precise market backside and timing a restoration stays difficult underneath current market conditions.
Real-World Assets and Stablecoins Could Be Stellar’s Main Drivers in 2026
A report revealed final month stated that the full worth of tokenized real-world belongings on Stellar, excluding stablecoins, reached $1 billion firstly of this 12 months.
Santiment, a crypto market analytics platform, additionally reported that Stellar ranks among the many prime 4 RWA tasks by GitHub growth exercise for the reason that starting of the 12 months.
“XLM isn’t a speculative add-on. It’s required for transactions, account operations, and community exercise. As RWA volumes develop, utilization of $XLM scales with it — not cyclically, however basically,” said Scopuly, a Stellar pockets supplier.
Stellar’s stablecoin market cap stays comparatively modest at around $200 million. However, MoneyGram, one of many world’s main corporations in worldwide remittance companies and P2P funds, not too long ago reaffirmed the steadiness of its USD-backed stablecoin instrument. The agency continues testing it on Stellar.
Therefore, demand for RWAs and stablecoins might turn out to be the first drivers of XLM accumulation, particularly because the token faces sturdy promoting strain close to present lows.
The submit Stellar (XLM) Drops Below $0.20, But On-Chain Activity Hits New Highs appeared first on BeInCrypto.