Stellar (XLM) is currently trading at $0.167223, with a market capitalization of $5.54 billion, ranking #23 among all cryptocurrencies. Over the past 24 hours, Stellar is up 5.49%, trading between a low of $0.15702 and a high of $0.167257, with $142.69 million in trading volume. Stellar's all-time high was $0.875563, reached on January 3, 2018. Its all-time low was $0.000476 on March 5, 2015. Looking at broader trends, XLM has gained 7.14% over the past 7 days and is down 4.87% over the past 30 days. There are currently 33.15 billion XLM in circulation out of a total supply of 50.00 billion.
Stellar is an open-source, decentralized network co-founded in 2014 by Jed McCaleb and Joyce Kim to facilitate the fast and low-cost transfer of value across different currencies and assets globally. Managed by the non-profit Stellar Development Foundation, the project serves as a global infrastructure that connects banks, payment systems, and individuals to expand financial access to underserved populations. Its main value proposition lies in providing a bridge between traditional money and digital networks through the use of Anchors, which are trusted entities that hold deposits and issue credits on the ledger.
The network operates using the Stellar Consensus Protocol and a Federated Byzantine Agreement, where nodes choose trusted sets of other nodes to agree on the state of the ledger. This system ensures high throughput and fast finality, where transactions are considered permanent and irreversible within seconds. Key features include a built-in distributed exchange for trading assets without intermediaries and the Soroban platform for developing smart contracts. Users can also utilize the network for tokenizing real-world assets or accessing decentralized finance services like peer-to-peer lending.
Stellar's native token, XLM, is essential for maintaining network integrity by acting as an intermediary to find efficient exchange paths and preventing spam through small transaction fees and minimum account balance requirements. Unlike many other digital assets, the network has no inflation because the community voted to disable the automatic creation of new tokens. While the project received early funding from the payments company Stripe, it is now sustained by a global community of validators and developers rather than traditional venture capital.
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