XLM Surges 25% Daily and 70% Weekly, Protocol Update Imminent

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by Giorgi Kostiuk

a year ago

The price of Stellar (XLM) has surged significantly in recent days, drawing attention from investors and market participants.

XLM Price Surge

Stellar (XLM) spiked by 25% in the last 24 hours, reaching a price of over $0.4. Over the past week, it increased by 70%, making it the top-performing asset among the 20 largest cryptocurrencies. The 24-hour trading volume topped $2.2 billion, reflecting strong market interest.

Protocol 23 Upgrade Sparks Interest

Interest in XLM has surged in anticipation of the upcoming Protocol 23 update, which will be voted on the Stellar mainnet on August 14, 2025. The proposal includes changes to transaction execution and state management on the Soroban smart contract platform. This upgrade aims to enhance network speed and performance as the Stellar ecosystem experiences steady growth.

Institutional Activity and Blockchain Growth

Meanwhile, institutional participation is growing, with Franklin Templeton recently tokenizing $446 million in U.S. Treasuries on the Stellar blockchain, highlighting increasing trust in Stellar's asset tokenization. DeFiLlama reports that Stellar's Total Value Locked (TVL) in decentralized finance rose 22% in the past 24 hours, reaching $120.25 million.

Thus, Stellar (XLM) displays impressive growth and actively develops, presenting a positive sign for the current state of the cryptocurrency market.

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