Stellar’s DeFi TVL dropped sharply from a $270M all-time high on August 22, 2026 to around $98M by August 27 due to an exploit on the Comet AMM BLND-USDC liquidity pool backing Blend protocol.
Why Stellar’s TVL Suddenly Plunged Nearly 60%
According to data on DefiLlama, Stellar Lumen’s total value locked (TVL) has collapsed -60% in a single day, down to just $98 million at time of writing on August 27. The protocol incident drained approximately $717K through a same-asset USDC swap accounting bug, causing Blend’s TVL to collapse from over $150M to near zero as the backstop pool paused.
Despite this setback, Stellar’s tokenized RWA market has grown to over $3B, underscoring a disconnect between robust network fundamentals and concentrated DeFi vulnerabilities. Price-wise, Stellar Lumens (XLM) slumped by 2.82% to trade at $0.18, sustaining above the major support bubble for eight days in a row, according to SoSoValue’s price tracking data.
Trend Switch Coming If XLM Maintains This Level
At this range, XLM’s top-tier investors are still struggling to grasp the bottom of the market correction. The Chaikin Money Flow (CMF) points to slightly negative figures on the 4-hour & daily charts, while the one-hour XLM price chart projects a neutral trend shift, waiting for top buyers to step in.
XLM is trading one cent above the SuperTrend price of $0.1707, putting bulls in advantage. On Futures markets, bulls got bashed with $191.33K in liquidations out of a $205.61K 24-hour total, even though the altcoin’s Open Interest (OI) weighted funding rate dwelled in the green for ten days straight.
$0.195 now remains the nearest bullish target, while XLM continues to demonstrate high price correlation with Bitcoin (BTC). The apex crypto asset pulled back to $78,700 on Friday evening, while Stellar Lumens (XLM) mimicked the roughly 2% backdrop, maintaining a 5% price growth over a 30-day period.


