The price of Stellar (XLM) has risen 8% over the past week, driven by recent updates to the Stellar ecosystem. This article reviews the update details and its impact on the network's future.
Price Growth of Stellar (XLM)
Recently, the price of Stellar (XLM) has shown a positive trend, climbing 8%. Currently, the price reaches $0.2529, with a 2% increase in the last 24 hours, reflecting growing interest in the asset.
Update Stellar Core v23.0.0rc2
According to Stellar Release, the preliminary version Stellar Core v23.0.0rc2 has been released, containing all protocol changes for the CAPs (CAP-62 to CAP-70, except the rejected CAP-64). This update serves as a candidate for the stable version of protocol 23 if successfully tested on the testnet.
Preparation for Protocol 23 Upgrade
Protocol 23 is set to bring new core advancement proposals, such as state archival features and support for parallel execution of Soroban transactions. It will also introduce unified events for tracking token movements across the network. The mainnet vote for the protocol 23 upgrade is scheduled for August 14, 2025.
With the latest updates and price growth, Stellar (XLM) demonstrates its active ecosystem development. Expected changes could significantly enhance network functionality, potentially attracting more users and investors.
