Stellar

Stellar (XLM) is a cryptocurrency launched in 2014. It is an open-source blockchain network designed to enable fast, low-cost cross-border payments and asset transfers. The project focuses on financial inclusion by connecting banks, payment systems, and individuals. More information is available at stellar.org.

Stellar uses the Stellar Consensus Protocol (SCP), a proof-of-agreement mechanism that allows fast and efficient transaction validation without energy-intensive mining. The network supports multi-asset transactions and tokenized representations of fiat currencies, enabling direct exchange between different currencies. XLM serves as the native asset to pay transaction fees and facilitate multi-asset operations.

XLM is the native token of the Stellar network. It is used to pay transaction fees, which helps prevent spam and maintain network efficiency. XLM also acts as a bridge currency in multi-asset transactions, allowing users to convert between different currencies quickly. Additionally, holding a small amount of XLM is required to activate accounts on the network.

Stellar and Ripple both target cross-border payments, but Stellar focuses more on individual users and financial inclusion, while Ripple primarily serves banks and financial institutions. Stellar uses the Stellar Consensus Protocol, whereas Ripple uses a different consensus algorithm. Stellar is also a non-profit organization, while Ripple is a for-profit company. Both networks have their own native tokens, XLM and XRP.

Stellar is currently priced at $0.1830, down 2.56% in the last 24 hours. It is ranked #16 by market capitalization. Over the past 7 days, XLM is down 4.73%.

Stellar has a market capitalization of $6.35B. The 24-hour trading volume is $137.04M, reflecting the total value of XLM traded across all exchanges in the last day.

There are currently 34.68B XLM in circulation. Stellar has a maximum supply of 50.00B XLM, meaning no more than this amount will ever exist.