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Stellar
#16 XLM

Stellar

-2.39%

$0.27149300

$8,387,362,228

Total Market Cap

50,001,786,893 XLM

Circulating Supply

$159,046,196

24h Volume

$8,387,362,228

Total Market Cap

50,001,786,893 XLM

Circulating Supply

$159,046,196

24h Volume

Technical analysis

Latest Signals

# Signal Exchange Type Age
Cryptocurrency Converter
Stellar
XLM
Stellar
USD
USD
US Dollar

Stellar can be found on the following exchanges

Logo Exchange Price Pair Spread 24h Volume
Binance logo Binance $0.2728 XLMUSDC $0.00 $1,549,446
Binance.us logo Binance.us $0.2705 XLMUSD $0.00 $655
BingX logo BingX $0.2732 XLM/USDT $0.00 $192,520
Bitfinex logo Bitfinex $0.27344 XLM/USD $0.00 $1,243,600
BitMart logo BitMart $0.273157 XLM/USDC $0.01 $123,420
Bitvavo logo Bitvavo $0.27374 XLM/USDC $0.00 $21,233
Bybit logo Bybit $0.2731 XLM/USDC $0.00 $192,514
Coinbase Advanced logo Coinbase Advanced $0.27322 XLM-USD $0.00 $19,396,980
Crypto.com logo Crypto.com $0.27322 XLM/USD $0.00 $729,708
EXMO logo EXMO $0.272665 XLM/USDC $0.00 $36,508
HitBTC logo HitBTC $0.27791 XLM/USDC $0.00 $0
HTX logo HTX $0.2732 XLM/USDT $0.00 $4,579,850
Kraken logo Kraken $0.272855 XLM/USD $0.00 $43,556
KuCoin logo KuCoin $0.2715 XLM/USDC $0.00 $4,725
OKX logo OKX $0.27278 XLM/USD $0.00 $2,633
Poloniex logo Poloniex $0.2733 USDT_XLM $0.00 $29,072,541
ProBit Global logo ProBit Global $0.2733 XLM/USDT $0.00 $1,636,563

Stellar (XLM): A Comprehensive Guide to the Digital Currency

What is Stellar (XLM)?

Stellar (XLM) is an open-source, decentralized payment protocol that enables fast, cross-border transactions between any pair of currencies. Founded in 2014 by Jed McCaleb (co-founder of Ripple) and Joyce Kim, Stellar aims to connect financial institutions, payment systems, and individuals globally. The network's native digital currency, the Lumen (XLM), serves as the bridge currency in transactions and helps prevent spam on the network.

Unlike many cryptocurrencies that focus primarily on being alternatives to traditional money, Stellar was designed with a mission to expand financial access and inclusion worldwide, particularly for underbanked populations. The Stellar network can handle exchanges between fiat currencies, cryptocurrencies, and other forms of value transfer with minimal fees.

How Does Stellar (XLM) Work?

Stellar operates on a unique consensus protocol called the Stellar Consensus Protocol (SCP). Unlike traditional proof-of-work (PoW) systems used by Bitcoin or proof-of-stake (PoS) systems used by Ethereum 2.0, Stellar employs a federated Byzantine agreement model. Here's how it works:

Stellar Consensus Protocol (SCP)

The SCP allows nodes on the Stellar network to reach consensus without requiring approval from the entire network. Each node selects a set of trusted nodes (called a "quorum slice"), and when a sufficient number of these trusted nodes agree on a transaction, consensus is reached. This makes Stellar incredibly efficient, with transactions confirming in 3-5 seconds and the capability to handle thousands of transactions per second.

Anchors and Bridges

Anchors are entities (like banks or payment processors) that people trust to hold their deposits and issue credits into the Stellar network. These anchors serve as bridges between different currencies and the Stellar network. When you want to send euros to someone who wants to receive dollars, the Stellar network automatically finds the best conversion path using XLM as an intermediary if needed.

Distributed Exchange

Stellar has a built-in decentralized exchange where users can trade any asset pair, creating a global marketplace. This allows for seamless currency conversion without the need for traditional forex markets.

Does Stellar (XLM) Offer Staking and Mining?

Stellar (XLM) does not offer traditional mining or staking mechanisms like many other cryptocurrencies. Here's why:

No Mining

Since Stellar doesn't use Proof-of-Work, there is no mining process for XLM. All Lumens were pre-mined at the network's inception, and no new coins are created through mining activities. This makes Stellar significantly more environmentally friendly than mining-based cryptocurrencies.

No Traditional Staking

Stellar doesn't employ a Proof-of-Stake mechanism, so there isn't a traditional staking system where token holders lock up their assets to earn rewards for validating transactions. However, some centralized exchanges and platforms may offer "staking-like" services where users can earn interest on their XLM holdings, but these aren't native to the Stellar protocol.

Inflation (Historical Note)

Historically, Stellar had an inflation mechanism that would create new XLM at a rate of 1% annually, with these new tokens distributed to addresses that received votes from XLM holders. However, in October 2019, the Stellar Development Foundation (SDF) removed this inflation mechanism through a network upgrade, meaning no new XLM are being created.

What is Stellar (XLM) Used For?

Stellar (XLM) serves multiple purposes within and beyond the Stellar network:

Network Fees

Every transaction on the Stellar network requires a small fee (currently 0.00001 XLM) to prevent spam attacks. These fees are not distributed to any participant but are simply removed from the supply.

Facilitating Cross-Border Payments

XLM acts as a bridge currency, facilitating exchanges between different currencies when no direct market exists. This allows for quick and low-cost international money transfers.

Minimum Account Balance

Each Stellar account must maintain a minimum balance of 1 XLM to remain active, which helps prevent network bloat.

Tokenization Platform

The Stellar network supports the issuance of custom tokens, enabling businesses and organizations to create digital representations of various assets, including fiat currencies, commodities, or even loyalty points.

Financial Inclusion

A core mission of Stellar is to provide financial services to underbanked populations globally. XLM and the Stellar network enable access to banking services for those who may not have access to traditional banking infrastructure.

Distribution of XLM When Launched

When Stellar launched in 2014, the initial supply was 100 billion Lumens (then called "Stellars"). The distribution strategy was designed to promote adoption and development:

Initial Distribution
  • 5% of the initial supply was used to fund Stellar Development Foundation operations
  • 50% was allocated for the direct sign-up program, where individuals could receive free XLM by signing up with a unique email
  • 25% was allocated to partners through the partnership program
  • 20% was allocated to Bitcoin and Ripple (XRP) holders through a giveaway
Supply Reduction

In November 2019, the Stellar Development Foundation (SDF) made a significant announcement to reduce the overall XLM supply by burning approximately 55 billion XLM tokens. This reduced the total supply from about 105 billion to 50 billion XLM, with around 20 billion in circulation and the rest held by the SDF for development and promotional efforts.

Current Distribution

Currently, the approximately 50 billion total supply of XLM is divided between:

  • Circulating supply in public hands
  • SDF's operating fund
  • SDF's Direct Development Fund for ecosystem support and grants

Other Important Information About Stellar (XLM)

Partnerships

Stellar has formed significant partnerships with companies like IBM, which used the Stellar network for its World Wire cross-border payment system. The Stellar Development Foundation has also partnered with financial institutions globally to expand the use of the network for remittances and international payments.

Smart Contracts

While Stellar isn't primarily designed for complex smart contracts like Ethereum, it does support simple smart contracts in the form of multi-signature accounts, atomic swaps, time-bounded transactions, and sequence numbers.

Soroban

In 2023, Stellar introduced Soroban, a new smart contract platform designed to extend Stellar's capabilities while maintaining its focus on efficiency and scalability for financial applications. This development represents a significant evolution for the network.

Non-Profit Foundation

Unlike many cryptocurrency projects, Stellar is overseen by the non-profit Stellar Development Foundation, which focuses on network growth, ecosystem support, and regulatory compliance rather than profit maximization.

Trade Stellar (XLM) with Cryptohopper

Looking to include Stellar (XLM) in your cryptocurrency portfolio? You can easily trade XLM on any major cryptocurrency exchange using Cryptohopper's automated trading bot. Cryptohopper allows you to implement sophisticated trading strategies for XLM and other cryptocurrencies without needing to monitor the markets 24/7. With customizable technical indicators, backtesting capabilities, and portfolio management tools, Cryptohopper provides everything you need to optimize your XLM trading experience.

Latest XLM to USD price calculator

Below are the most popular denominations to convert to USD and back into XLM

XLM US Dollar
0.01XLM 0.00USD
0.1XLM 0.03USD
1XLM 0.27USD
2XLM 0.54USD
3XLM 0.81USD
5XLM 1.36USD
10XLM 2.71USD
25XLM 6.79USD
50XLM 13.57USD
100XLM 27.15USD
250XLM 67.87USD
500XLM 135.75USD
1000XLM 271.49USD
10000XLM 2,714.93USD
50000XLM 13,574.65USD
100000XLM 27,149.30USD
US Dollar XLM
0.01 USD 0.03683336XLM
0.1 USD 0.36833362XLM
1 USD 3.68333622XLM
2 USD 7.36667244XLM
3 USD 11.05000866XLM
5 USD 18.41668109XLM
10 USD 36.83336219XLM
25 USD 92.08340547XLM
50 USD 184.16681093XLM
100 USD 368.33362186XLM
250 USD 920.83405465XLM
500 USD 1,841.66810931XLM
1000 USD 3,683.33621861XLM
10000 USD 36,833.36218613XLM
50000 USD 184,166.81093067XLM
100000 USD 368,333.62186134XLM

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