Stellar‘s decentralized finance (DeFi) sector experienced a significant setback as its total value locked (TVL) declined from a peak of $270 million on | Bitget crypto news!
- Stellar's DeFi TVL plummeted by 60% to $98 million following a $717K exploit on the Comet AMM BLND-USDC liquidity pool, causing the Blend protocol's TVL to drop to near zero.
- Despite the DeFi crisis, Stellar's tokenized RWA market exceeds $3 billion, and XLM price has shown resilience, trading above $0.18 and maintaining a 5% gain over the past 30 days.
- XLM's price movements are closely correlated with Bitcoin, experiencing similar shifts, with mixed market indicators and cautious investor sentiment despite positive open interest funding rates.
Topics: Scalability, Integration with defi, Asset types, Market depth liquidity, Rwa collateral lending, Financial instruments
Tags: #stellar #defi #tvl #exploit #xlm #cometamm #blendprotocol #liquiditypool #rwa
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