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Excellar

Total Value Locked$404,179

TVL by Chain

Stellar$404,179

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Protocol Information

Excellar offers institutions and enterprises yield on stablecoins and major cryptocurrencies via delta-neutral strategies. It provides APIs to purchase, redeem, and manage USDXLR and other products. Using a segregated account structure, Excellar ensures transparent asset segregation and regulatory compliance. Its products are not available in the US and other restricted jurisdictions

Category:Basis Trading

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Excellar history

TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 24, 2025 to Oct 27, 2026.

All-time high TVL: $404,178 on Oct 24, 2026. All-time low TVL: $14,684 on Oct 17, 2025.

Daily TVL, Sep 28, 2026 to Oct 27, 2026

DateTVL
Sep 28, 2026$184,188
Sep 29, 2026$184,188
Sep 30, 2026$184,188
Oct 1, 2026$184,188
Oct 2, 2026$184,188
Oct 3, 2026$184,188
Oct 4, 2026$184,188
Oct 5, 2026$184,188
Oct 6, 2026$184,188
Oct 7, 2026$184,188
Oct 8, 2026$184,188
Oct 9, 2026$184,188
Oct 10, 2026$184,188
Oct 11, 2026$184,188
Oct 12, 2026$184,188
Oct 13, 2026$184,188
Oct 14, 2026$184,188
Oct 15, 2026$184,188
Oct 16, 2026$184,188
Oct 17, 2026$184,188
Oct 18, 2026$184,188
Oct 19, 2026$184,188
Oct 20, 2026$184,188
Oct 21, 2026$184,188
Oct 22, 2026$184,188
Oct 23, 2026$349,178
Oct 24, 2026$404,178
Oct 25, 2026$404,178
Oct 26, 2026$404,178
Oct 27, 2026$404,178

TVL at each month end, Apr 2025 to Oct 2026

DateTVL
Apr 30, 2025$37,614
May 31, 2025$28,614
Jun 30, 2025$37,314
Jul 31, 2025$33,024
Aug 31, 2025$18,424
Sep 30, 2025$27,484
Oct 31, 2025$18,284
Nov 30, 2025$18,384
Dec 31, 2025$212,073
Jan 31, 2026$204,053
Feb 28, 2026$194,685
Mar 31, 2026$194,685
Apr 30, 2026$194,685
May 31, 2026$194,685
Jun 30, 2026$194,688
Jul 31, 2026$184,188
Aug 31, 2026$184,188
Sep 30, 2026$184,188
Oct 27, 2026 (latest)$404,178

The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/excellar

Frequently asked questions

What is Excellar's TVL?

As of Oct 27, 2026, Excellar has $404,179 in total value locked. TVL has increased 119.4% over the past 30 days.

What chains does Excellar operate on?

Excellar operates on Stellar. Stellar holds the largest share at 100%.

How does Excellar's TVL compare to similar protocols?

Among Basis Trading protocols tracked by DefiLlama, Excellar ranks #29 by TVL. The category holds $7.568b across 41 protocols, and Excellar accounts for <0.1% of that total. Similar protocols include Ethena USDe, Falcon Finance, BitFi Basis, Solv Basis Trading, Solstice, Aster USDF, Tori Finance, Axis, ZEROBASE CeDeFi, and Unitas USDu.