The current real-time Stellar (XLM) price is $0.2396**, with a 24-hour trading volume of **$95,756,773. Over the past day, XLM's price dropped by 2.22%, while it gained 2.21% in the last week. Stellar's market capitalization stands at $7,411,533,900, with a circulating supply of 30,935,455,308 XLM out of a maximum supply of 50,001,806,812 XLM. Stellar currently ranks #20 in the crypto market.
Key Stats:
- All-Time High: 74.46% below current price
- All-Time Low: 19,424.13% above current price
All data updates in real-time. For secure trading, consider reputable exchanges like Binance, KuCoin, or Kraken.
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What Is Stellar (XLM)?
Stellar (XLM) is the native cryptocurrency of the Stellar network, an open-source, peer-to-peer platform designed to connect global financial systems. Initially launched to streamline cross-border payments, Stellar now functions as a decentralized exchange (DEX) and multi-asset marketplace, supporting crypto, forex, and securities trading.
Core Features of Stellar:
- Fast Transactions: 3–5 second confirmation times.
- Low Fees: Minimal costs per transaction.
- Decentralized: Operates via the Stellar Consensus Protocol (SCP).
- Secure: Resistant to DoS attacks through microtransaction costs.
Stellar simplifies cross-currency and multi-currency transactions using Anchors, which bridge traditional currencies and digital assets. Users only need XLM-supported software and an internet connection to participate.
Stellar’s Founders and History
Founded in 2014 by Jed McCaleb (ex-Ripple CTO) and Joyce Kim, Stellar began as a fork of Ripple but later developed its own consensus mechanism for greater decentralization. The non-profit Stellar Development Foundation (SDF) oversees the network’s growth, focusing on financial inclusivity and transparency.
Originally named "Stellar," the token was rebranded to Lumen (XLM) in 2015 to avoid confusion, though the ticker symbol remained XLM.
Purpose of XLM Tokens
- Intermediary Currency: Facilitates cross-currency trades.
- Transaction Fees: Costs just 0.00001 XLM per operation.
- Security Measure: Deters spam and DoS attacks.
- Anti-Spam: Requires accounts to hold ≥1 XLM.
XLM Tokenomics
- Total Supply: 50 billion XLM (after burning 55.5 billion in 2019).
- Circulating Supply: ~30.9 billion XLM.
- Inflation: Discontinued in 2019; no further minting.
The SDF retains 30 billion XLM for ecosystem development.
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FAQ
Q: How does Stellar differ from Ripple?
A: Stellar focuses on individual users and cross-border remittances, while Ripple targets institutional payments.
Q: What’s the average transaction fee on Stellar?
A: ~0.00001 XLM—fractions of a cent.
Q: Can XLM be mined?
A: No. All XLM was pre-mined at launch.
Q: Is Stellar decentralized?
A: Yes, via the Stellar Consensus Protocol (SCP).
Stellar’s price volatility reflects broader market trends. Always analyze trends via the XLM price chart before investing.
Last updated: [Current Date]