Stellar (XLM) continues to show positive dynamics amid growing institutional interest and an expanding user base. Recent protocol upgrades also contribute to a new level of demand in the blockchain ecosystem.
Increased Institutional Interest
Stellar (XLM) is gaining support from increasing interest among institutional investors. Trading volumes peaked at 129.15 million units, indicating strong buy-side support. The network's user base grew from 8.6 million to 9.7 million, reflecting significant ecosystem expansion.
Protocol 23 and Its Impact
The introduction of Protocol 23, known as "WISC," is expected to enhance network throughput and enable parallel transaction execution. Similar changes in the past have led to asset price increases, which are also attracting market participants' attention. "With our latest protocol upgrade enhancing transaction capabilities, we are seeing increased activity on the network," noted Stellar founder Jed McCaleb.
Stellar's Market Outlook
As Bitcoin's momentum cools, investor attention is shifting towards altcoins like XLM. Social sentiment remains neutral-bullish, and the Fear & Greed Index stands at "Neutral" (48), indicating mixed market expectations. Analysts predict that the current bullish trend could help breach the $0.386 resistance level.
Stellar (XLM) continues to gain popularity in the market due to institutional interest and the introduction of new technological solutions. These changes are expected to contribute to the further development of the network and increase its value.
