Stellar (XLM) is a decentralized, open-source network designed to facilitate fast and low-cost cross-border transactions. It connects global financial systems and enables seamless exchange between various currencies, both fiat and crypto. This guide explores the XLM token’s functionality, historical performance, key features, and future potential.
Real-Time XLM Price Overview
As of the latest data, Stellar’s price is $0.2376**, with a **24-hour trading volume** of **$94,883,161. Over the past day, XLM has decreased by 2.93%, while it has increased by 1.53% over the past week.
Stellar currently holds a market capitalization of $7,350,453,196, ranking #20 among cryptocurrencies. The circulating supply is 30,935,456,365 XLM out of a maximum supply of 50,001,806,812 XLM.
Notably, the current price is 74.67% below its all-time high and 19,263.22% above its all-time low. All data is updated in real time to reflect the latest market movements.
For those interested in trading XLM, it is available on several major exchanges. Always prioritize security by using trusted platforms and storage methods like hardware wallets.
What Is Stellar (XLM)?
XLM is the native cryptocurrency of the Stellar network, an open-source, peer-to-peer platform launched to bridge global financial systems. It provides a framework for payment providers and facilitates the development and trading of diverse crypto assets.
One of Stellar’s standout features is its built-in decentralized exchange, which supports trading across cryptocurrencies, forex, and other assets. The platform includes an integrated order book that tracks ownership of Stellar-based assets and allows users to manage buy/sell orders efficiently.
Key characteristics of the Stellar network include:
- High transaction speed
- Low fees
- Decentralization
- User-friendly design
- Strong security
Transactions on Stellar are confirmed within 3–5 seconds, and the network can handle thousands of transactions per second. Its consensus mechanism ensures decentralized control, adaptive trust, and robust security.
XLM tokens are used to pay transaction fees (0.00001 XLM per operation), prevent spam and DoS attacks, and maintain account viability—each account must hold a minimum of 1 XLM.
Stellar also enables cross-currency and multi-currency transactions. For example, a user can send Ethereum (ETH), and the recipient can receive Bitcoin (BTC). This is made possible through “anchors,” which serve as bridges between different currencies and the Stellar network.
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Founders and Background
Stellar was co-founded in 2014 by Jed McCaleb and Joyce Kim. McCaleb was also a founder of Ripple and served as its CTO. Initially, Stellar was built on the Ripple protocol, but after identifying flaws in Ripple’s consensus algorithm, the team developed a new protocol—the Stellar Consensus Protocol (SCP).
McCaleb and Kim established the Stellar Development Foundation, a non-profit focused on promoting economic access and financial inclusion globally. The project was renamed from “Stellar” to “Lumen” (XLM) in 2015 to avoid confusion, though the ticker XLM remained.
Use Cases of XLM Tokens
XLM serves multiple functions within the Stellar ecosystem:
- Medium of Exchange: Users convert assets into XLM to facilitate cross-currency transactions.
- Transaction Fees: All operations on the network require a small fee in XLM.
- Security Measure: The token helps protect against network spam and DoS attacks.
- Account Minimum: Each wallet must hold at least 1 XLM to remain active, reducing abandoned accounts.
Tokenomics and Supply
XLM tokens are not mined. The original total supply was 100 billion XLM, with an annual inflation rate of 1%. In 2019, the community voted to remove inflation, and 55.5 billion XLM were burned.
The current maximum supply is capped at 50 billion XLM. Approximately 20 billion are in public circulation, while the remaining 30 billion are held by the Stellar Development Foundation for ecosystem development and promotions.
Frequently Asked Questions
What was the highest price of Stellar?
XLM reached its all-time high of $0.9381 on January 4, 2018.
What was the lowest price of Stellar?
The all-time low for XLM was $0.0012, recorded on November 18, 2014.
What is the 24-hour trading volume of XLM?
The trading volume for Stellar over the past 24 hours is $94,883,161.
Which exchanges support XLM trading?
XLM is listed on many leading exchanges. Always choose platforms with strong security measures and regulatory compliance.
How is Stellar different from Ripple?
While both aim to improve cross-border payments, Stellar focuses on individual users and low-cost transactions, whereas Ripple often targets institutional clients. Stellar is also considered more decentralized.
Is Stella a good investment?
Like all cryptocurrencies, XLM carries investment risks. Its value is influenced by market sentiment, adoption rate, technological developments, and broader economic trends. Always do your own research and consider your risk tolerance.
Conclusion
Stellar remains a prominent player in the blockchain-based payments sector. With its rapid transaction speeds, minimal fees, and focus on financial inclusivity, it continues to attract users and developers alike. Whether you're interested in trading, making cross-border payments, or exploring decentralized finance, Stellar offers a reliable and efficient platform.
For the latest updates and detailed market insights, refer to real-time price tracking tools and trusted crypto analysis resources.
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