Stellar Lumens logo

Stellar Lumens price

(XLM / USD)

$0.22
-9.25%

Market stats

$5.6B

$496.5M

+84.4%

24.8B XLM

50% of total supply

29 days

67% buy
33% sell

#22

$0.94

+0.09%

-9.25%

-17.71%

Get $5 in Bitcoin

Jump start your crypto portfolio with $5 in free Bitcoin after you sign up. Terms apply.

Bitcoin icon

About Stellar Lumens

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.

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

Stellar Lumens is on the decline this week.

The price of Stellar Lumens has fallen by 17.71% in the past 7 days. The price declined by 9.25% in the last 24 hours. In just the past hour, the price grew by 0.09%. The current price is $0.224466 per XLM. Stellar Lumens is 76.12% below the all time high of $0.94.The current circulating supply is 24,802,247,568.701 XLM.

Top stories

Grayscale’s Total Assets Under Management Hits $60B

Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF. The post Grayscale’s Total Assets Under Management Hits $60B appeared first on Blockworks.

Blockworks

Nov 11, 2021

Basic Attention TokenBitcoin CashLINKDecentralandEthereum ClassicFilecoinHorizenLitecoinLivepeerStellar LumensZcashUniswapAaveCompoundCurve DAO TokenMakerSushiSwapSynthetix Network Tokenyearn.financeUMABancor Network TokenCardanoSolanaBitcoinEthereum

Coinbase Bytes

The week’s must-know crypto news, sent right to your inbox

Subscribe

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Stellar Lumens in market cap.

This content and any information contained therein is being provided to you for informational purposes only, does not constitute a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges. Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article