Rank #30

image Stellar XLM

$0.102787 -1.63%
All Time High All Time Low
$0.875563September 16, 2022 $0.00047612September 16, 2022
Market Cap $2,605,221,110.00
Total Volume $110,549,670.00
Fully Diluted Valuation $5,136,468,389.00
Circulating Supply 25,360,948,943
Total Supply 50,001,787,588
Max Supply 50,001,787,588

Stellar Price Chart (XLM)

XLM Price Today

Stellar price today is $0.102787 with a 24-hour trading volume of $110,549,670.00. XLM price is down $-1.63251% in the last 24 hours. It has a circulating supply of 25,360,948,943 XLM coins and a total supply of 50,001,787,588.

What Is Stellar (XLM)?

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. Prior to Protocol 12, Stellar had a built-in inflation mechanism conceived to allow account holders to collectively direct inflation-generated lumens toward projects built on Stellar. As the network evolved and grew, it became increasingly clear that inflation wasn’t working as intended — account holders either didn’t set their inflation destination or joined inflation pools to claim the inflation themselves, and the operational costs associated with inflation payments continued to rise — and so a protocol change to disable inflation was proposed, implemented, voted on by validators, and ultimately adopted as part of a network upgrade. The inflation operation is now deprecated. https://developers.stellar.org/docs/glossary/inflation/

Stellar Questions & Answers

What is Stellar Price Today?
Stellar price today is $0.102787
What was the highest price for Stellar?
Stellar hit an all time high of $0.875563 on September 16, 2022
What was the lowest price for Stellar?
Stellar had an all time low of $0.00047612 on September 16, 2022
What was the 24 hour trading volume of Stellar?
The 24 hour trading volume of Stellar is $110,549,670.00
Where can Stellar be traded?
You can trade Stellar on following exchanges.

Popular trading pairs for Bitcoin in the market includes XLM,BTC, XLM,BUSD, XLM,EUR, XLM,ETH, XLM,TRY, XLM,BNB, XLM,USD, XLM,USDT


XLM Price Statistics

Last Updated September 16, 2022 05:30 AM EDT
Stellar Price Today $0.102787
Market Cap $2,605,221,110.00
Market Cap Rank 30
Fully Diluted Valuation $5,136,468,389.00
Total Volume $110,549,670.00
24h High $0.105833
24h Low $0.101821
24h Change $-0.001705854540729
24h Change% -1.63251%
Market Cap Change $-42665457.225418
Market Cap Change% -1.6113%
Circulating Supply 25,360,948,943
Total Supply 50,001,787,588
Max Supply 50,001,787,588
All Time High $0.875563Sep 16, 2022
All Time Low $0.00047612Sep 16, 2022

Stellar Trading Exchanges

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