We are thrilled to announce that Phoenix DEX is now live on mainnet🎉
Building on @SorobanOfficial since June '23 has been an incredible journey.
We are just getting started. Let's get souped up @StellarOrg community!
Check us out below👇
https://t.co/Ol7K3HzKk0
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.@StellarOrg Q1 2026: DeFi
DeFi total-value locked (TVL) on Stellar increased 1.1% QoQ to $174.4 million, even as the price of XLM (which makes up roughly 70% of TVL) decreased 16.6% QoQ from $0.201 to $0.167. This follows explosive 284% YoY growth from $44.9 million at the end of 2024 to $172.6 million at the end of 2025.
While TVL was effectively flat QoQ, TVL share by protocol type was not. DEXs' share of TVL declined, and TVL of lending and borrowing protocols like @blend_capital and @TemplarProtocol grew. The top DEX by TVL, Aquarius, had $39.9 million in TVL at Q1-end (+9.7% QoQ), followed by Stellar DEX with $15.8 million (-16.6% QoQ), Lumenswap with $8.2 million (-30.3% QoQ), and @PhoenixDeFiHub with $1.5 million (-64.5% QoQ). Combined, the TVL of these protocols declined 8.3% QoQ to $65.4 million. In contrast, Blend’s TVL grew 25.9% QoQ to $100.6 million, and Templar’s grew 89.5% QoQ to $5.6 million. The larger TVL growth of Blend and Templar compared to the decline in TVL of the top DEXs was offset by the 84.7% QoQ decline in the Other category (which includes other DEXs like Soroswap) to $2.8 million in TVL at the end of Q1.
Templar’s TVL growth in Q1 came from continued adoption of its deposit XLM to borrow USDC vault, which was its only available vault in Q1 following its launch in November 2025. TVL growth should continue in Q2 as on April 1, 2026, Templar launched lend/borrow vaults for RWAs, including Centrifuge’s deJAA and deJTRSY, Etherfuse’s CETES and USTRY, and SolvBTC
Have you seen our brand new Earn page?
🔗 https://t.co/McM3NQn5x6
Which external protocol should we integrate next?
One hub to earn 'em all.
Togther, we @BuildOnStellar 💫
🔥 Phoenix now supports Albedo Wallet by @orbitlens!
We're all about giving users more choice and helping grow the Stellar ecosystem by integrating as many wallets as possible.
More ways to connect, more ways to build. 🚀
#Stellar@BuildOnStellar
🚀 We’ve mapped our contract errors using the Soroban contract TypeScript bindings — now users can clearly see why something failed, in plain language. No more guessing!
We @BuildOnStellar.
🚨 Heads-up: Phoenix V2 rollout prep has begun.
The app will be temporarily offline for 5–6 hours sometime in the next 24h as we push the biggest update since launch.
Everything's in motion — final stretch. 🐦🔥
🚨 Update: We're moving the Phoenix DeFi Hub V2 rollout to next Wednesday.
This ensures a smooth execution and that the core team is fully available during deployment.
✅ Everything checks out.
💯 Just taking a few extra days to make sure it’s flawless.
Thanks for your patience — V2 will be worth the wait. 🔥
🚨 Big news! Phoenix DeFi Hub V2 is landing — and it's our biggest upgrade since launch.
Also, the last major update before our NFT marketplace goes live. 🔥
A short thread 🧵👇
🚨 The $PHO airdrop is now claimable!
Eligible wallets can head to 👉 https://t.co/U99EMDXAt9 and claim their tokens.
No vesting. No waiting. Just claim. 🔥 #PHO#Airdrop
Why using a single swap when you can combine all of them? 😎
With https://t.co/REC1Eyagwp you are using @aqua_token, @PhoenixDefiHub, @blend_capital's BLND/USDC pool and @SoroswapFinance at the same time!!!
Always finding you the best path for your Soroban trade 🥳
🚨 PHO Airdrop Update
We promised an airdrop — originally meant to be vested. Due to delays, we’re now paying it out unvested.
📅 Payouts start mid next week
🔍 Check eligibility: https://t.co/U99EMDXAt9
⚠️ DM us if there’s an issue
Thanks for sticking with us 💜 #PHO#Airdrop