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Stellar Lumens

XLM

Price
$0.0875
12/3/2022, 2:09:55 PM
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Market

Market stats

Market cap

$2.2B

Volume (24h)

$48.1M

Circulating supply

25.7B XLM

Typical hold time

42 days

Trading activity

Not enough data

Popularity

#20

All time high

$0.94

Price change (1h)

+0.06%

Price change (24h)

+0.37%

Price change (7d)

-2.03%

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Stellar Lumens is on the decline this week.

The price of Stellar Lumens has fallen by 2.03% in the past 7 days. The price increased by 0.37% in the last 24 hours. In just the past hour, the price grew by 0.06%. The current price is $0.0875 per XLM. Stellar Lumens is 90.70% below the all time high of $0.94.

The current circulating supply is 25,722,799,475.905 XLM.

About

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect the world’s financial system, enabling businesses and developers to take advantage of the network’s fast speeds, low transaction costs, and interoperability.

What is Stellar Lumens (XLM)?

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. As a cross-border transfer and payment system that connects financial entities, Stellar aims to unite the world’s financial infrastructure, connecting banks, payment systems, and individuals with near-instant and secure transfers.

If the Internet connected the world’s computers to enable the free global flow of information, Stellar aims to do the same for money. To accomplish this vision while maintaining neutrality, Stellar is not set up as a bank or a business. Instead it’s a decentralized, open network that is supported by a nonprofit foundation called the Stellar Development Foundation (or SDF, for short).

How does XLM work?

XLM (or Lumens) fuels activity on the Stellar network — a system designed to help payments (and currencies) cross borders  faster and cheaper than with traditional financial-system networks. 

For example, a bank in Japan might use Stellar to send money to a bank in Mexico. Stellar would automatically convert yen to XLM, send the payment via blockchain, and reconvert XLM to pesos at the current exchange rate. 

Stellar was intended to work alongside existing assets and cryptocurrencies, allowing users to create digital representations of any asset as a Stellar token. These can then be used to transact on the blockchain, and can be redeemed at any time for the base asset. As an example, a stablecoin pegged to the U.S. dollar, such as  USDC, is issued on the Stellar network.

As a decentralized financial network, no single entity can process transactions or stop someone from onboarding or offboarding into Stellar, and the network can still run successfully even if some servers are turned off or fail.

Can I mine or stake XLM?

Unlike many popular cryptocurrencies, XLM cannot be mined or staked to receive rewards and increase the asset’s supply. While Stellar works like technologies like Bitcoin, its key distinguishing feature is its consensus protocol. The present-day Stellar is a result of a 2014 fork that created the Stellar Consensus Protocol (SCP) following which Stellar became an open-source system. Under this protocol, the transaction authentication process is confined to a select set of trustworthy nodes rather than being left open to the whole network of nodes.

Instead of being mined by “proof of work,” Stellar is secured by a unique blockchain mechanism called the Stellar Consensus Protocol (SCP).

How do I buy XLM?

You can buy, sell, send, and receive XLM by creating an account on Coinbase — or a number of other financial technology companies. Coinbase Wallet is another option for storing, sending and receiving XLM.

Released: July 2014

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Reading List

News

The Block • Aug 08, 22

Avalanche and Stellar Lumens tick upwards as they land on Robinhood

Retail investing app Robinhood announces the addition of two more cryptocurrencies, bringing the total number on the platform to 15.

Read more

Retail investing app Robinhood announces the addition of two more cryptocurrencies, bringing the total number on the platform to 15.

The Block • Jun 10, 22

MoneyGram is launching a crypto-to-cash service on the Stellar blockchain

The company is working in partnership with Stellar Development Foundation, a non-profit that develops the Stellar blockchain. 

Read more

The company is working in partnership with Stellar Development Foundation, a non-profit that develops the Stellar blockchain. 

The Block • Mar 15, 22

Stellar Development Foundation debuts $30 million matching fund

The fund is a branch of SDF's Enterprise Fund. It plans to match investments up to $500,000 from the lead funding source. The post Stellar Development Foundation debuts $30 million matching fund appeared first on The Block.

Read more

The fund is a branch of SDF's Enterprise Fund. It plans to match investments up to $500,000 from the lead funding source.
            The post Stellar Development Foundation debuts $30 million matching fund appeared first on The Block.

CoinDesk • Jan 06, 22

B2B Payments Platform Tribal Raises Debt Round Including $20M in Stellar USDC

The integration of USDC into the Tribal ecosystem is intended to provide small- and medium-sized businesses with cheaper and easier access to capital.

Read more

The integration of USDC into the Tribal ecosystem is intended to provide small- and medium-sized businesses with cheaper and easier access to capital.

The Block • Dec 09, 21

Tribal Credit, Bitso and Stellar Development Foundation unveil cross-border payment tool in Mexico

San Francisco-based startup Tribal Credit is working with Latin American exchange Bitso and the Stellar Development Foundation to launch a new cross-border payment system for businesses in Mexico and the U.S. The post Tribal Credit, Bitso and Stellar Development Foundation unveil cross-border payment tool in Mexico appeared first on The Block.

Read more

San Francisco-based startup Tribal Credit is working with Latin American exchange Bitso and the Stellar Development Foundation to launch a new cross-border payment system for businesses in Mexico and the U.S.
The post Tribal Credit, Bitso and Stellar Development Foundation unveil cross-border payment tool in Mexico appeared first on The Block.

Blockworks • Nov 19, 21

WisdomTree Plans to Launch More Crypto Offerings in 2022

Firm looks to offer “proof of concept” for how DeFi can transform financial services. The post WisdomTree Plans to Launch More Crypto Offerings in 2022 appeared first on Blockworks.

Read more


Firm looks to offer “proof of concept” for how DeFi can transform financial services.
The post WisdomTree Plans to Launch More Crypto Offerings in 2022 appeared first on Blockworks.

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FAQ

What is the current price of Stellar Lumens?

The price of 1 Stellar Lumens currently costs $0.0875.

What is the market cap of Stellar Lumens?

The current market cap of Stellar Lumens is $2.25B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Stellar Lumens?

The all-time high of Stellar Lumens is $0.94. This all-time high is highest price paid for Stellar Lumens since it was launched.

What is the 24 hour trading volume of Stellar Lumens?

Over the last 24 hours, the trading volume of Stellar Lumens is $48.12M.

What other assets are similar to Stellar Lumens?

Assets that have a similar market cap to Stellar Lumens include Wrapped Bitcoin, Cosmos, Ethereum Classic, and many others. To see a full list, see our comparable market cap assets.

How many Stellar Lumens are there?

The current circulating supply of Stellar Lumens is 26 billion.

What is the typical holding time of Stellar Lumens?

The median time that Coinbase customers hold Stellar Lumens before selling it or sending it to another account or address is 42 days.

What is the relative popularity of Stellar Lumens?

Stellar Lumens ranks 4 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Stellar Lumens?

Currently, 97% of Coinbase users are buying Stellar Lumens. In other words, 97% of Coinbase customers have increased their net position in Stellar Lumens over the past 24 hours through trading.