# Aquarius Protocol Behind Most of Stellar's DEX Volume Jump

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-05

bsc news brief, crypto news

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Stellar's decentralized exchange trading rose 69% in the past week, with nearly all of that increase coming from Aquarius, a liquidity management protocol on the network. DeFiLlama data reveals how heavily Stellar's DeFi activity depends on just a handful of applications for most on-chain trading and lending.

Aquarius held $39.9 million in total value locked at the end of March 2026 and led the network with an average of 271,222 monthly transactions, according to Messari. The protocol directs liquidity across trading pairs through AQUA token voting. However, its locked value remained flat through the first nine months of 2026 despite volume spikes in June and September.

**Read the full story on BSC News:** [Aquarius Drives Nearly All of Stellar's 69% Weekly DEX Volume Increase, DeFiLlama Data Shows](https://bsc.news/news/aquarius-stellar-dex-volume-surge-aqua?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/aquarius-protocol-behind-most-of-stellars-dex-volume-jump)*