Here’s Why Stellar (XLM) Price Is Up Today
The post Here’s Why Stellar (XLM) Price Is Up Today appeared on BitcoinEthereumNews.com. TLDR: Stellar gains 62% in one week as trading volume explodes to over $2.2 billion. Protocol 23 upgrade promises 40% cost reduction and major network performance boost. Stellar Core v23.0.0-rc2 confirms readiness, attracting institutional trading activity. Bitcoin’s surge above $118K triggers altcoin rally, boosting demand for XLM. Stellar (XLM) has seen a sharp rise in price over the past week. The token’s sudden momentum has aligned with a broader market recovery and crucial developments within the Stellar ecosystem. The crypto currently trades at $0.3755, marking a substantial 21.98% surge in just 24 hours. This momentum has pushed XLM up 62.52% over the past week, signaling strong market confidence. Trading volume has exploded to $2.2 billion, representing a massive 327.70% increase from the previous day. The token’s price range has expanded from $0.2353 to $0.3917 over seven days, with daily fluctuations between $0.3032 and $0.4012. But what has fueled this rally? Read on. XLM price on CoinGecko Stellar Protocol 23 Upgrade Drives Market Excitement Stellar’s upcoming Protocol 23 upgrade stands as the primary catalyst behind this price rally. The network has scheduled a mainnet vote for August 14, 2025, generating widespread anticipation among developers and investors. This major upgrade promises significant performance improvements through parallel transaction execution and live state prioritization features. The technical enhancements could reduce ledger costs by up to 40% while dramatically boosting network scalability. These improvements position Stellar for increased adoption in decentralized finance (DeFi) applications and tokenized asset markets. X user Tomer Weller highlighted the upgrade’s comprehensive nature. He noted massive runtime performance gains and cost reduction capabilities through Soroban live state prioritization. Stellar's protocol 23 is STACKED with core advancements*: – MASSIVE runtime performance gains and cost reduction with soroban live state prioritization which enables soroban data caching and smart contract caching (cap62, cap65, cap66)–…
The post Here’s Why Stellar (XLM) Price Is Up Today appeared on BitcoinEthereumNews.com.
TLDR: Stellar gains 62% in one week as trading volume explodes to over $2.2 billion. Protocol 23 upgrade promises 40% cost reduction and major network performance boost. Stellar Core v23.0.0-rc2 confirms readiness, attracting institutional trading activity. Bitcoin’s surge above $118K triggers altcoin rally, boosting demand for XLM. Stellar (XLM) has seen a sharp rise in price over the past week. The token’s sudden momentum has aligned with a broader market recovery and crucial developments within the Stellar ecosystem. The crypto currently trades at $0.3755, marking a substantial 21.98% surge in just 24 hours. This momentum has pushed XLM up 62.52% over the past week, signaling strong market confidence. Trading volume has exploded to $2.2 billion, representing a massive 327.70% increase from the previous day. The token’s price range has expanded from $0.2353 to $0.3917 over seven days, with daily fluctuations between $0.3032 and $0.4012. But what has fueled this rally? Read on. XLM price on CoinGecko Stellar Protocol 23 Upgrade Drives Market Excitement Stellar’s upcoming Protocol 23 upgrade stands as the primary catalyst behind this price rally. The network has scheduled a mainnet vote for August 14, 2025, generating widespread anticipation among developers and investors. This major upgrade promises significant performance improvements through parallel transaction execution and live state prioritization features. The technical enhancements could reduce ledger costs by up to 40% while dramatically boosting network scalability. These improvements position Stellar for increased adoption in decentralized finance (DeFi) applications and tokenized asset markets. X user Tomer Weller highlighted the upgrade’s comprehensive nature. He noted massive runtime performance gains and cost reduction capabilities through Soroban live state prioritization. Stellar's protocol 23 is STACKED with core advancements*: – MASSIVE runtime performance gains and cost reduction with soroban live state prioritization which enables soroban data caching and smart contract caching (cap62, cap65, cap66)–…
What's Your Reaction?
