Stellar's current price is $0.2382**, with a 24-hour trading volume of **$151.79 million. Over the past day, XLM has remained stable (±0.00%). The cryptocurrency has a circulating supply of 30.94 billion XLM and a maximum supply capped at 50 billion XLM.
Understanding Stellar Network
Stellar serves as a bridge between financial institutions, enabling seamless creation, transfer, and trading of digital representations for all forms of money. Its mission focuses on empowering underserved economies through:
- Remittance solutions for cross-border payments
- Financial inclusion via accessible banking alternatives
- Decentralized exchange functionality for asset trading
Unlike traditional systems, Stellar's distributed ledger processes transactions in 2–5 seconds using its unique consensus mechanism.
👉 Discover how Stellar compares to other blockchain payment systems
Evolution of Stellar: Key Milestones
Founded in 2014 by Jed McCaleb (co-creator of Ripple) and Joyce Kim, Stellar's development highlights include:
| Year | Event | Impact |
|---|---|---|
| 2014 | Launch with Stripe partnership | Established foundational infrastructure |
| 2019 | 50B XLM token burn | Reduced supply by 50%, triggering 25% price surge |
| 2020s | Expanded institutional adoption | Grew to 3M+ users with $15M market cap |
The Stellar Development Foundation (SDF) oversees ecosystem growth as a non-profit entity.
Technical Framework: How Stellar Achieves Speed
Stellar's architecture differs from proof-of-work blockchains through:
Federated Byzantine Agreement (FBA)
- Selected nodes ("quorum slices") validate transactions
- Eliminates energy-intensive mining
Scalable Throughput
- Handles 1,000+ operations per second
- 2–5 second settlement times
Multi-Asset Support
- Native representation of fiat, commodities, or custom assets
- Built-in decentralized exchange (DEX) functionality
Practical Applications of Stellar
Stellar facilitates diverse financial operations:
- Tokenization
Create digital twins for physical assets (e.g., gold, real estate) - Cross-Border Payments
Send USD to EUR recipients with sub-cent fees - Microtransactions
Enable small-value trades impractical on traditional networks
👉 Explore real-world Stellar use cases
Frequently Asked Questions
Q: How does Stellar differ from Ripple?
A: While both enable fast payments, Stellar focuses on financial inclusion rather than bank-centric solutions.
Q: What determines XLM's price?
A: Market demand, adoption rates, and macroeconomic crypto trends collectively influence valuation.
Q: Is Stellar environmentally friendly?
A: Yes, its consensus mechanism consumes minimal energy compared to proof-of-work networks.
Q: Where can I store XLM securely?
A: Use hardware wallets for long-term storage or trusted exchanges for active trading.
Q: How does the token burn affect supply?
A: The 2019 burn permanently removed 50B XLM, creating deflationary pressure on remaining coins.
Market Position and Future Outlook
Stellar continues evolving as a preferred platform for:
- Enterprise payment solutions
- CBDC (Central Bank Digital Currency) development
- Decentralized finance (DeFi) applications
With its proven scalability and growing institutional partnerships, Stellar remains a prominent player in blockchain-based financial infrastructure.