Stellar

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked — but soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology. The network’s native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

The Stellar project was launched in 2014 by Ripple co-founder Jed McCaleb and his partner Joyce Kim. McCaleb left Ripple in 2013 due to disagreements about the project’s vision with fellow co-founders.

Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked—but its priorities shifted to helping financial firms connect with one another through blockchain technology. 

The network's native token, lumens, serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.

There are about 50 billion lumens in existence. No more lumens will be created. There are currently about 20 billion lumens circulating in the open market

The Stellar Development Foundation, which is a non-profit organization that supports adoption of the Stellar Lumens payment network, was created in collaboration with Stripe CEO Patrick Collison. Stripe received 2 billion lumens in return for a $3 million seed investment. 

Stellar's XLM price surged 14% to $0.4795, with a market cap of $14.58 billion and a 24-hour trading volume of $1.8 billion, trading within an intraday range of $0.4191 to $0.4896. XLM's rise has coincided with the spike XRP has witnessed this week.

Stellar Surges 14%, Hits $0.4795, Eyes $0.50 Breakout

Hedera (HBAR) joined Stellar (XLM) as a top performer, gaining 7% from Tuesday.

CoinDesk 20 Performance Update: XLM Gains 9.8% as All Assets Trade Higher

Cardano

Coins colloquially labeled as “dino coins” have dominated the weekend's crypto gains, with XRP, XLM, and ADA enjoying substantial upticks over the past 24 hours. Leading this resurgence is XRP, boasting an 8.9% increase against the U.S. dollar as of Saturday.

‘Dino Coins' Roar Back: XRP, XLM, and ADA Lead the Charge in Weekend Gains

Dogecoin

These tokens are once again prices more or less the same on Coinbase and Binance.

XRP, XLM and DOGE See Recovery in Stateside Demand

Chainlink (LINK) joined Stellar (XLM) as an underperformer, falling 6.2%.

CoinDesk 20 Performance Update: XLM Declines 6.6% as Index Trades Lower Over Weekend

Bitcoin

A widely followed crypto analyst says that Bitcoin's (BTC) still has upward momentum while updating his outlook on payments network Stellar (XLM).

Crypto Trader Claims Bitcoin's Uptrend Is Still Intact, Updates Outlook on Top XRP Rival

XLM has significantly outperformed XRP in the past 30 days, despite having a lower market capitalization. XRP Rises on Investor Optimism While XRP has surpassed tether (USDT) to become the third-largest digital asset, its performance over 30 days trailed behind its perceived rival, XLM. According to data from Coingecko, the U.S.

XRP's Meteoric Rise Overshadowed by XLM's Stunning 483% Surge

Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.

Altcoin Boom on the Horizon? Stellar, Sui, Mantra, and Dogecoin Light Up With Triple-Digit Gains

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.

Koreans Go Full Monty on DOGE, XRP, XLM After Trump's Win; Now Look to SAND Token

This week, the crypto economy soared to an astounding $3.29 trillion. Bitcoin (BTC) rose by 10%, while ether (ETH) followed closely with a 9% uptick. Meanwhile, a wide array of alternative digital currencies posted impressive gains, with many achieving growth in the double- and even triple-digit range.

Altcoins Shine as Crypto Economy Hits $3.29T: OM, XLM, ADA and XRP Drive the Frenzy

Algorand

Avalanche

Dogecoin hit its highest price in over a week, but other altcoins are seeing massive gains as Bitcoin approaches the $100,000 milestone.

Dogecoin Rising as Bitcoin Nears $100K—But XRP and Other Alts Are Hotter

The CoinDesk 20 gained 6.5% over the weekend with all but two assets trading higher.

CoinDesk 20 Performance Update: XLM Surges 73.2% Over Weekend in Broad Rally

NO BYLINE, THANK YOU XRP rival Stellar (XLM) is partnering with Mastercard's crypto payment solution. Mastercard Crypto Credential aims to verify interactions between consumers and businesses using blockchain networks. The product enables payers to send crypto using a recipient's email address, rather than a long blockchain address.

XRP Rival Stellar (XLM) Announces New Partnership With Mastercard To Aid Consumers and Businesses

Chainlink

Shiba Inu

Polkadot

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

Renowned venture capitalist Tim Draper announced a significant collaboration between Draper University and Stellar. The partnership aims to accelerate and fund up to 80 startups over the next two years, with these startups set to build on the Stellar blockchain platform.

Tim Draper Champions Blockchain Startups: Announces Major Partnership With Stellar

Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $756.5 million, attributed to its Diamond reward program and support for creator royalties.

Magic Eden Surges to Top Spot in NFT Market, Records Stellar $756M Trading Volume in March

In the first quarter of 2024, meme coins significantly outshone all other cryptocurrency narratives by delivering an astonishing average return of 1312% across its leading tokens, as observed in a report by Coingecko.

Coingecko Report: Meme Coins Eclipse AI and RWA Tokens With Stellar Q1 Performance

Soroban introduces a new way for developers to deploy smart contracts on Stellar, using WebAssembly (WASM).

Smart contracts finally arrive on Stellar network with Soroban launch on mainnet

Ethereum

A federal jury in Washington has just convicted the Russian-Swedish operator of the crypto mixing service Bitcoin Fog. In a statement, the Justice Department says Roman Sterlingov is found guilty of money laundering conspiracy, sting money laundering, operating an unlicensed money transmitting business and violations of the D.C. Money Transmitters Act.

Crypto Mixer Founder Convicted of Money Laundering in US, Forfeits Cash, Bitcoin, Ethereum, Monero and Stellar

Aave

Uniswap

Widely followed analyst Nicholas Merten is offering his forecast on four crypto assets amid an industry-wide market rally. Starting with payments-focused blockchain network Stellar (XLM), Merten tells the 510,000 YouTube subscribers of the DataDash channel that the XRP rival is sitting at a “typical discount range”.

Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap

Bitcoin experienced a 6.8% increase on Wednesday, reaching a peak of $64,000. This upturn also propelled several other digital assets upwards, notably arweave (AR) with a 50.3% increase and aptos (APT) with a 23.5% appreciation against the U.S. dollar.

Arweave and Aptos Lead Crypto Market Surge With Stellar Gains as BTC Nears All-Time High

Bitcoin reached a peak of $57,055 on Monday, climbing 10.1% over a 24-hour span and elevating the digital asset's market value to $1.10 trillion. The value of bitcoin relative to the U.S. dollar hasn't ascended to these levels since Nov. 22, 2021, marking 12 days after the digital currency's peak value of $69,000.

Bitcoin Reaches $57K in Stellar Monday Surge, Erasing $70 Million in Shorts in Just One Hour

Stellar has announced the introduction of smart contracts as part of its Protocol 20 update, passed by a validator vote on Feb. 20. The upgrade introduces Soroban, the new smart contracts system, to mainnet, and initiates a phased rollout for validators to monitor the performance of these transactions before scaling them at a subsequent phase.

Stellar Debuts Smart Contracts With Protocol 20 Update

The "Protocol 20" upgrade, which adds support for Ethereum-style smart contracts to the decade-old payments-focused blockchain, had been delayed by three weeks due to precautions after a bug was found.

Stellar Starts Phased Rollout of 'Soroban' Smart Contracts

The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets.

News for Stellar Crypto (XLM)