XLM
Stellar
XLM

Stellar price

in USD
$0.35558
-$0.00508 (-1.41%)
USD
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Market cap
$11.28B #13
Circulating supply
31.72B / 50B
All-time high
$0.798
24h volume
$95.30M
3.8 / 5
XLMXLM
USDUSD

About Stellar

XLM, or Stellar Lumens, is the native cryptocurrency of the Stellar network, a blockchain platform designed to facilitate fast, low-cost, and secure cross-border payments. Stellar aims to bridge the gap between traditional financial systems and blockchain technology, making it easier for individuals and institutions to transfer money globally. XLM plays a key role in the network by enabling transactions, reducing fees, and ensuring liquidity. Its primary use cases include remittances, micropayments, and tokenized asset transfers, making it a versatile tool for financial inclusion. Stellar's partnerships with major players like Visa and MoneyGram further highlight its potential to revolutionize global finance. Explore XLM to discover how it empowers seamless value exchange worldwide.
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Last audit: 8 June 2021, (UTC+8)

Stellar’s price performance

Past year
+302.60%
$0.09
3 months
+30.96%
$0.27
30 days
-13.81%
$0.41
7 days
-0.33%
$0.36
55%
Buying
Updated hourly.
More people are buying XLM than selling on OKX
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Stellar on socials

jill | espresso ☕
jill | espresso ☕
There are 3 paths today if you are building a product onchain: 1. build an app-specific L1 like Story, Stripe 2. deploy an app on an L1 like Solana, Sui 3. build an appchain on a base like Ethereum / Celestia / Espresso I agree with Mert that in almost every case, #2 or #3 wins
mert | helius.dev
mert | helius.dev
payments chains I am not an expert on payments, but I have worked in 3/5 of the big banks in Canada, as well as several fintechs building payments rails and moving a lot of money with code — and most recently on high-perf chains which is to say I have some opinions on the concept of a high-perf chain for payments this will be a long post so I suggest clicking the grok button on the top right first, how can a blockchain have a payments focus in the first place? in the past, there have been several approaches one is to limit the programmability of the chain and not be Turing complete, this is what Stellar/XLM did many years ago this works but drastically limits what's possible onchain another is to permission the chain, this is what a lot of corporate chains have tried in the past, and it seems it's what Tempo will open with this works in theory but blurs the line between what a blockchain is vs. traditional databases a third option that hasn't really been done before is custom sequencing and blockspace rules to prioritize/reserve blocks for payments txn types this is actually quite interesting but relatively advanced from a design POV, and I suspect Paradigm is one of the very few teams that could actually help pull it off there are some loose parallels to existing chains, e.g., local fee markets on Solana (to some extent) and Sui fast path (though this is going away) but probably the closest thing is Hyperliquid's maker prioritization (where cancels get prioritized so the MMs have an advantage vs. takers) this **could** in theory work in a permissionless setting but would be extremely difficult to pull off in practice it's hard to list all the reasons why, but here are some obvious ones: an L1 is a set of computers that take turns in producing blocks, but where each of them verifies the blocks if you have a permissionless chain, the computers on the L1 can decide to ignore whatever rules you specified for example, if a payments chain is Turing complete and permissionless and successful — then presumably it will have a lot of funds flowing through it it's not a stretch to then assume that there will be many trading/defi related apps on top of it which then means that validators will want to prioritize these txns since they are much higher revenue (now you could argue the validators wouldn't do this because it's not long-term aligned but good luck with any matter involving social consensus when serious money is involved) whenever you have any serious amount of money in a permissionless environment, you will get a ton of these pvp incentive games being played out in perpetuity and given that a payments-focused chain in theory requires buy in from a lot of very large and compliant corporations, this will become a colossal headache this is of course not the only challenge, there are many others for example, security and censorship resistance a global payments network would be a colossal target for malicious actors and you need to defend against this perpetually on technical (let's say multiple concurrent proposers for censorship resistance), economical (yes, the token value and pvp money games really matter here), and social (stripe and the usa have many, many enemies) another challenge is the fact that payments are loss-leading for blockchains and roughly no validator will actually make money from them, which also directly affects the above two problems another is that due to the above, this is a highly competitive field and everyone would rather build their own thing vs. trusting that someone be "neutral" ironically, I think most of these issues are much easier to solve if the payments chain is an L2 vs. being an L1 for example, with a single sequencer, you can actually enforce specific sequencing rules, inherit security from a base layer, and not worry about the different types of incentives and attacks at the same time, if I were a payments giant and wanted to take over the world, I also would want to shoot for gold and try to do my own L1 for it because at my size, marginal bets won't yield in any meaningful multiple anyway, sorry for the word vomit, this is all to say that they're an interesting concept and could work in new ways but I think will require many, many years of extremely painful iteration the higher EV play for almost everyone will be to build on something like Solana or maybe as an L2 on Ethereum/Bitcoin/Celestia
4.02K
25
Crypto Tony
Crypto Tony
GET IN HERE RIGHT NOW About to unleash a storm of updates tomorrow. Plenty of big run to be shared. You do not want to miss out $BTC $ETH $PEPE $DOGE $BNB $XRP $XLM
29.76K
31
Alex
Alex
The launch of a new L1 leads to walled gardens of isolated ecosystems with fragmented liquidity, where users and assets are stuck in separate chains. @Agglayer by @0xPolygon solves this through aggregated blockchains: a single bridge allows native assets to move without wrapping/unwrapping, providing a shared TVL between all connected L2s. This creates a network with unified liquidity, where payments can utilize the shared DeFi ecosystem without losing efficiency, unlike a new L1 that has to compete for liquidity from scratch.
mert | helius.dev
mert | helius.dev
payments chains I am not an expert on payments, but I have worked in 3/5 of the big banks in Canada, as well as several fintechs building payments rails and moving a lot of money with code — and most recently on high-perf chains which is to say I have some opinions on the concept of a high-perf chain for payments this will be a long post so I suggest clicking the grok button on the top right first, how can a blockchain have a payments focus in the first place? in the past, there have been several approaches one is to limit the programmability of the chain and not be Turing complete, this is what Stellar/XLM did many years ago this works but drastically limits what's possible onchain another is to permission the chain, this is what a lot of corporate chains have tried in the past, and it seems it's what Tempo will open with this works in theory but blurs the line between what a blockchain is vs. traditional databases a third option that hasn't really been done before is custom sequencing and blockspace rules to prioritize/reserve blocks for payments txn types this is actually quite interesting but relatively advanced from a design POV, and I suspect Paradigm is one of the very few teams that could actually help pull it off there are some loose parallels to existing chains, e.g., local fee markets on Solana (to some extent) and Sui fast path (though this is going away) but probably the closest thing is Hyperliquid's maker prioritization (where cancels get prioritized so the MMs have an advantage vs. takers) this **could** in theory work in a permissionless setting but would be extremely difficult to pull off in practice it's hard to list all the reasons why, but here are some obvious ones: an L1 is a set of computers that take turns in producing blocks, but where each of them verifies the blocks if you have a permissionless chain, the computers on the L1 can decide to ignore whatever rules you specified for example, if a payments chain is Turing complete and permissionless and successful — then presumably it will have a lot of funds flowing through it it's not a stretch to then assume that there will be many trading/defi related apps on top of it which then means that validators will want to prioritize these txns since they are much higher revenue (now you could argue the validators wouldn't do this because it's not long-term aligned but good luck with any matter involving social consensus when serious money is involved) whenever you have any serious amount of money in a permissionless environment, you will get a ton of these pvp incentive games being played out in perpetuity and given that a payments-focused chain in theory requires buy in from a lot of very large and compliant corporations, this will become a colossal headache this is of course not the only challenge, there are many others for example, security and censorship resistance a global payments network would be a colossal target for malicious actors and you need to defend against this perpetually on technical (let's say multiple concurrent proposers for censorship resistance), economical (yes, the token value and pvp money games really matter here), and social (stripe and the usa have many, many enemies) another challenge is the fact that payments are loss-leading for blockchains and roughly no validator will actually make money from them, which also directly affects the above two problems another is that due to the above, this is a highly competitive field and everyone would rather build their own thing vs. trusting that someone be "neutral" ironically, I think most of these issues are much easier to solve if the payments chain is an L2 vs. being an L1 for example, with a single sequencer, you can actually enforce specific sequencing rules, inherit security from a base layer, and not worry about the different types of incentives and attacks at the same time, if I were a payments giant and wanted to take over the world, I also would want to shoot for gold and try to do my own L1 for it because at my size, marginal bets won't yield in any meaningful multiple anyway, sorry for the word vomit, this is all to say that they're an interesting concept and could work in new ways but I think will require many, many years of extremely painful iteration the higher EV play for almost everyone will be to build on something like Solana or maybe as an L2 on Ethereum/Bitcoin/Celestia
11.23K
40
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Stellar FAQ

Stellar is a Layer 1 payments protocol designed to work with fiat and cryptocurrencies. Stellar allows users to send digital representations of money internationally quickly and affordably. Stellar is a decentralized network that is built using open-source code.

Stellar uses a novel Stellar Consensus Protocol (SCP) to secure its network. It implements the Federated Byzantine Agreement (FBA) pioneered by Ripple.

Easily buy XLM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include XLM/USDT, XLM/USDC, and XLM/BTC. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for XLM with zero fees and no price slippage by using OKX Convert.

Currently, one Stellar is worth $0.35558. For answers and insight into Stellar's price action, you're in the right place. Explore the latest Stellar charts and trade responsibly with OKX.
Cryptocurrencies, such as Stellar, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Stellar have been created as well.
Check out our Stellar price prediction page to forecast future prices and determine your price targets.

Dive deeper into Stellar

Stellar is an open-source and decentralized payment protocol that enables the world's financial systems to collaborate on a single network. As a Layer 1 blockchain, users can create, send, and trade digital representations of crypto and fiat currencies. Furthermore, Stellar provides developers with the documentation, tools, and support they need to build their own projects on top of Stellar. Stellar has handled over 2 billion transactions since its inception.

Unlike Bitcoin, which uses a Proof of Work (PoW) consensus, or Cardano (ADA), which uses a Proof of Stake (PoS) consensus, Stellar operates using a Federated Byzantine Agreement (FBA) algorithm. For example, the FBA algorithm allows Stellar to process transactions much more quickly and affordably without the intense computational power required by the Bitcoin blockchain. Each node in the Stellar network chooses a set of trustworthy nodes, and a transaction is only considered to be approved when all the nodes within this set agree. This process is much shorter and more efficient than many alternatives, making Stellar's network incredibly fast. It is believed that Stellar can process more than 1,000 transactions per second. In addition, transactions on the Stellar network are very affordable. Fees are fixed at 0.00001 XLM per transaction.

Stellar also has its decentralized exchange (DEX), StellarX, which can be used to trade all types of cryptocurrencies and traditional assets like silver, gold, and more. The Stellar network's continuous development and growth are overseen by a non-profit organization founded in 2014 called Stellar Development Foundation (SDF). It works hand-in-hand with Stellar to make markets more open, money more fluid, and empower people. The SDF assists in maintaining Stellar's codebase, supports communities built around it, and speaks on Stellar's behalf with institutions and regulators.

Stella's native utility token, XLM, serves three primary functions: transaction fees, account management, and fueling the Stellar payment system. XLM is commonly used as a bridge to reduce international trade costs. Many organizations worldwide, ranging from small-time startups to large corporations, use Stellar in their projects. It helps them tap into new markets and transfer money globally without hassle. These organizations include MoneyGram, Circle, Securrency, Settle, SatoshiPay, ClickPesa, and more.

How does Stellar work?

The Stellar protocol swiftly transforms any valuable asset into XLM and then seamlessly into the recipient's currency within seconds. Stellar enables the creation of digital representations of money or assets, allowing for free transactions, redemption, receipt, and market trading. A prime illustration is USD Coin (USDC), a stablecoin pegged to the dollar, crafted via the Stellar protocol. The process involves anchors, entities facilitating value transfers between Stellar and the traditional banking system in both directions.

These are secure connections between Stellar and other payment systems. Anchors can offer a variety of financial services to users, such as creating on/off ramps and issuing assets. They keep wallets with XLM and fiat balances to allow for simple currency exchange on Stellar. MoneyGram (International), Settle Network (Mexico, Argentina, and Brazil), Bitso (Mexico), Chronos (Argentina), Cowrie (Nigeria), Tempo (Europe), and Stablecorp (Canada) are some of the well-known anchors on Stellar.

Stellar employs a novel Stellar Consensus Protocol (SCP) invented by the project's Chief Scientist, David Mazieres, in 2015. This consensus mechanism implements the Federated Byzantine Agreement (FBA), which Ripple pioneered. According to SCP, a group of trustworthy nodes responsible for validating transactions and adding new blocks is chosen regularly via a voting mechanism. Anyone can run a node, and each node votes on and contributes to selecting a group of trustworthy nodes for the job. SCP ensures cheaper transactions processed in seconds due to its four fundamental properties: flexible trust, decentralized control, asymptotic security, and low latency.

XLM price and tokenomics

One hundred billion XLM tokens were created at Stellar's launch in July 2014. Two billion were sold and pre-allocated during a private seed round held in May 2014. These were jointly bought by Stellar's founder Jed McCaleb and Stripe CEO Patric Collison for $3 million. The purpose was to provide seed funding for creating the Stellar Development Foundation (SDF).

Between Stellar's launch and a community vote held in October 2019, XLM's supply grew at an annual inflation rate of 1%. The inflationary mechanism was removed after the 2019 vote, and over half of the token's maximum supply was burnt and removed from circulation. From that point onwards, a decision was taken not to create more XLM. The new maximum supply of XLM stood at a little over 50 billion tokens. As of writing, SDF holds almost 60% of the total XLM supply. It will be used for developing and promoting the Stellar network and will gradually enter the circulating supply with time.

About the founders

Jed McCaleb and Joyce Kim founded Stellar. McCaleb founded the Mt. Gox cryptocurrency exchange before his involvement with Stellar. He was also Ripple's co-founder and CTO. Following the formation of Stellar by McCaleb and former lawyer Kim, payments firm Stripe invested $3 million in the company, assisting in the formation of the Stellar Development Foundation (SDF), a non-profit organization through which the company operates to this day. The Stellar user base has grown steadily since its inception, with the network eventually surpassing 7 million accounts by the middle of July 2022.

Stellar highlights

Partnership with MoneyGram

MoneyGram International, a major provider of international payment services, announced a strategic partnership with Stellar in May 2022. The agreement calls for developing a stablecoin-based platform to facilitate global money transfers. Stellar wallet users can transfer USD Coin (USDC) to recipients, who can then convert them into their local fiat currency via MoneyGram's network with this new service.

Partnership with WhiteBIT

In other Stellar-related news, WhiteBIT, one of Europe's largest digital asset exchanges, announced the integration of Stellar USDC into its platform. WhiteBIT has joined a growing list of prominent exchanges accepting Stellar USDC deposits and withdrawals for their European clients.

Disclaimer

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Market cap
$11.28B #13
Circulating supply
31.72B / 50B
All-time high
$0.798
24h volume
$95.30M
3.8 / 5
XLMXLM
USDUSD
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