Stellar (XLM) is facing significant changes in the market, currently trading around $0.36. This article examines key factors and conditions that may influence its future growth.
ETF and Stellar
According to research by Galaxy Digital, Stellar is one of ten tokens that may qualify for the SEC’s fast-track ETF approval program. This could provide Stellar with an edge in accessing mainstream U.S. capital markets. The main criteria include trading on an exchange that is part of the Intermarket Surveillance Group, having futures contracts listed on a regulated market, or being part of an ETF where the token comprises at least 40% of the fund.
New Opportunities with Protocol 23
Protocol 23, known as Whisk, recently launched on the mainnet and promises performance improvements. It introduces parallel processing, unified event formatting, and optimizations for Soroban smart contracts aimed at providing faster and cheaper experiences for users. These upgrades could significantly boost network activity and usage.
Rising User Base and Transactions
The number of Stellar accounts has increased from 8.6 million to 9.7 million over the past year, and the network processed 264.6 million payments in just two months between July and August. This demonstrates growing user interest and network activity, further supported by new integrations like Stellar support in the Telegram crypto wallet.
Given the factors mentioned above, Stellar (XLM) is expected to show growth potential if the trends continue to strengthen and network support increases.
