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Stellar hits a new high: Total Value Locked at $150 million, account numbers exceed 9.6 million, exchange storage volume surges.
[Coin World] In August 2025, Stellar (XLM), as one of the earliest platforms in the blockchain industry focused on cross-border payments and financial inclusion, set multiple records. What are these records? What do they mean for the price of XLM? This article will analyze these records in detail.
The total locked value of Stellar has reached an all-time high. The first record shows that Stellar's total locked value (TVL) has reached an all-time high of $152.11 million. According to data platform statistics, Stellar's TVL surged from $84 million in July to over $150 million in August, an increase of over 80%. The main contributors to this growth include protocols like Blend, Stellar DEX, and Aquarius Stellar. Blend is a modular liquidity protocol that allows anyone to create flexible lending markets. Stellar DEX and Aquarius Stellar are emerging decentralized exchanges on the Stellar network, attracting new capital inflows. While this figure is still small compared to DeFi protocols with TVLs in the billions of dollars, it represents impressive growth. It reflects the increasing interest in the Stellar ecosystem within the DeFi space.
XLM accounts have reached an all-time high. The second record is that the number of XLM accounts has exceeded a new peak of over 9.69 million. According to data from the data platform, the network has significantly expanded. Despite significant fluctuations in the market since 2016, Stellar continues to demonstrate broad applications. Other data indicates that approximately 5,000–6,000 new addresses are created daily, adding to the growing account base. A recent report noted a strong correlation between XLM and XRP. There is a considerable overlap in the investor base for these two altcoins. Therefore, the boom of XRP in 2025 also helps XLM attract new users. This record is crucial to Stellar's mission. It indicates that the platform is moving towards achieving financial democratization, with millions of new users joining to transfer funds, store value, or participate in DeFi. However, the rapid growth of accounts poses challenges for the network to improve scalability to avoid congestion, especially during spikes in transaction volumes.
In August, the amount of XLM on exchanges reached an all-time high. Not all records are positive. The third record is that the quantity of XLM on the exchange reached an all-time high, exceeding 1.03 billion XLM available for sale. A reserve proof report from a trading platform publicly disclosed its XLM wallet address as "GBAI…GPA". According to data platform reports, the balance of that address skyrocketed from 2024 to 2025, peaking at 1,033,411,975 XLM between July and August 2025. This record serves as a warning. The large supply of XLM on exchanges could trigger a sell-off, especially in times of market turbulence or negative news. In this context, Stellar's Protocol 23 upgrade plays a crucial role. According to the announcement, the timeline includes a testnet reset on August 14 and a mainnet upgrade vote on September 3. Protocol 23 is expected to bring significant performance improvements, lower costs, and expand the functionalities of the Stellar Blockchain.