Stellar’s native token, XLM, has staged an impressive rally, gaining over 17% during the week, as a wave of protocol upgrades and institutional interest sparks renewed investor confidence.
Sponsored
XLM’s price climbed to $0.2853 on Wednesday, supported by surging volume of over $378 million in the past 24 hours, signaling strong market momentum ahead of a pivotal network upgrade.
Marks Key Milestone for Stellar
At the center of the recent rally is Protocol 23, a pending upgrade to the Stellar blockchain that introduces key performance enhancements aimed at expanding the network’s smart contract functionality.
The update brings parallel execution for Soroban contracts, Merkle Tree integration, and Unified Asset Events (CAP-67). All are the features designed to support more complex and scalable decentralized applications, including those in DeFi and NFTs.
The mainnet vote to activate Protocol 23 is scheduled for August 14, 2025, setting a near-term deadline for validators to approve or reject the changes. If implemented, the upgrade would mark one of Stellar’s most comprehensive technical overhauls to date.
Major Institutions Tap Stellar Network
Beyond the technical updates, institutional activity is emerging as a central factor in Stellar’s (XLM) recent price movement.
Financial firms Franklin Templeton and Circle have deployed more than $500 million in U.S. Treasuries on the Stellar blockchain, marking one of the largest real-world asset integrations on the network to date.
Franklin Templeton, one of the world’s largest asset managers, has deployed over $445 million in assets on the Stellar network, accounting for more than 71% of all tokenized assets on it.
Unlike earlier pilot programs in the industry, these transactions involve fully backed assets, reflecting a shift toward the practical application of blockchain infrastructure in traditional finance.
XLM Price Outlook: Can the Rally Continue?
From a technical perspective, analysts are closely watching XLM’s bullish structure. Stellar (XLM) has broken decisively above a long-term descending trendline, supported by a bullish 9-day moving average crossing above the 21-day moving average (MA).
This technical setup indicates growing upward momentum, although the Relative Strength Index (RSI) nearing 68 suggests that XLM is approaching overbought levels, raising the possibility of a short-term pullback or consolidation.
Key resistance sits at $0.29–$0.30 and $0.35–$0.36, while support ranges from $0.24 to $0.25. A retest of this support could confirm the breakout. Overall, XLM looks set to rise toward $0.35 but may pull back if momentum weakens.
Why This Matters
If Stellar delivers on its upgrade timeline and maintains institutional momentum, XLM may be poised for a long-term breakout, cementing its role in the next chapter of blockchain utility and tokenized finance.
Discover DailyCoin’s hottest crypto news:
Ripple CEO Introduces XRP Crypto Tech To Replace SWIFT
Phantom Wallet Taps Hyperliquid to Bring Futures Trading to the Masses
People Also Ask:
Stellar (XLM) is a blockchain-based platform designed to facilitate fast, low-cost cross-border payments and asset transfers. Its native token, Lumens (XLM), is used to pay transaction fees and facilitate operations on the network.
Protocol 23 is a major upcoming upgrade to the Stellar blockchain that enhances smart contract functionality and scalability, enabling more complex decentralized applications (dApps) like DeFi and NFTs.
Like all cryptocurrencies, XLM carries risk and volatility. Investors should conduct thorough research, consider market trends, and evaluate their risk tolerance before investing.
