Stellar, a longstanding layer 1 blockchain with smart contract capabilities, has achieved a new milestone in its decentralized finance (DeFi) sector. According to DefiLlama, Stellar's total value locked (TVL) in decentralized applications reached $61 million on November 24, marking a 150% increase from mid-November's $24 million. This growth is attributed to Stellar's decentralized exchanges, a lending app, and a stablecoin project, all benefiting from the recent 400% surge in XLM, Stellar's native cryptocurrency. Stellar's performance is notable amid the broader crypto market's bullish trends.