Stacks leads Bitcoin layers in Q3 DeFi TVL at $88.9 million

What happened

It closed Q3 with $88.9 million in DeFi total value locked, more than any of its direct rivals. Stacks' dominance in Bitcoin layers highlights the potential and volatility of DeFi, with concentration risks and rapid value shifts evident.

Apps on Stacks pulled in $448,000 in user fees during the quarter, the highest total among Bitcoin layers.

The scoreboard The race at the top was closer than a blowout. Rootstock finished the quarter with $83.2 million in DeFi TVL, and Mezo came in at $77.3 million.

That leaves Stacks ahead of Rootstock by $5.7 million. Its $448,000 in quarterly fees was more than double what Hemi generated, at $208,000.

Trading activity also picked up into quarter-end. Weekly volume on Stacks decentralized exchanges peaked at $16.7 million in late September 2026.

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