In August 2025, Stellar (XLM) achieved multiple milestones. Its Total Value Locked (TVL) hit an all-time high of $152.11M, driven by protocols like Blend and Stellar DEX. XLM accounts surged to over 9.69M, fueled by increased DeFi interest. However, 1.03B XLM on exchanges raised concerns of potential sell-offs. Protocol 23 aims to enhance performance, critical amid these developments.
