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Crypto▲ Bullish
Stellar's 15% Surge: Developer Growth, TVL Jump, and Leverage Risk
XLM surged 15% as TVL rose 155% YoY and developer activity jumped 51%. Futures volume hit $372M and open interest climbed above $207M. Resistance near $0.25 is the next test.
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Stellar (XLM) jumped more than 15% in 24 hours, leaving Bitcoin and most major altcoins in the dust. The move was not just a short squeeze. Behind the rally sits a mix of accelerating developer growth, rising ecosystem activity, and a sharp spike in leveraged trading.
Stellar's total value locked (TVL) has shown resilience despite a wider slowdown across decentralized finance. After reaching highs above $240 million in recent months, TVL remains significantly elevated year-over-year, reflecting growing liquidity inside its ecosystem. Developer activity around Stellar has also accelerated. Fresh reports highlighted that Stellar's developer base expanded by more than 50% year-over-year during the first quarter, positioning it among the faster-growing blockchain ecosystems by developer participation.
Derivatives data tells a similar story of fresh capital entering the market. XLM futures volume surged 91.9% to roughly $372.6 million in the last 24 hours, according to exchange data. Open interest climbed 12.4% to about $207.9 million. When both price and open interest rise together, it often suggests traders are opening new bullish positions and reinforcing market momentum. Elevated leverage can also increase downside volatility if momentum weakens.