XLM

Stellar price

XLM
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$0.11268

+$0.00033 (+0.29%)

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ALL
1Y
1M
1W
24H
1H
Market cap
$2.85B
Volume (24h)
$189.67M
Circulating supply
25,032,073,233

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About Stellar (XLM)

About Stellar (XLM)

Stellar is the name of the open-source, decentralized payments network to which the Lumens (XLM) cryptocurrency is native. It's common to hear Stellar (or even Stellar Lumens) used to refer to both the network and currency, however.

Sharing a founder and much of its original code with Ripple, the Stellar network is similarly optimized for fast and cheap cross-border transactions. However, Stellar's target market is individuals, rather than financial institutions.

Like the XRP Ledger, Stellar's distributed nodes record the network's entire state each time the ledger updates. Every newly updated ledger includes users' account balances, as well as all other network activity. The system allows nodes to sync with the current state of the network without downloading every previous block of transactions — as is the case with Bitcoin.

Stellar nodes come to agreement on a single current Ledger Version using a mechanism called the Stellar Consensus Protocol. The SCP is a form of Byzantine Fault Tolerance called the Federated Byzantine Agreement. While neither solution is as resource-intensive as Bitcoin's proof-of-work, the latter mechanism achieves consensus without the pre-approval of participants by a central authority.

Instead, Stellar validator nodes each create their own list of trusted validators to work with, known as a quorum slice. The system ensures Stellar's high performance, without compromising too much on decentralization.

Along with XLM, Stellar supports the issuance of any non-crypto asset via off-chain gateways. Much like stablecoin implementations, tokenized assets usually represent a claim on that specific asset in the physical world.

The dominant use of Stellar-network tokens is the tokenization of fiat currencies. Users can transact internationally, using a familiar and stable currency, while still taking advantage of Stellar's high-speed and low-cost transactions.

XLM price and tokenomics

XLM's price changes according to the available supply and current demand for the cryptocurrency. At launch, 100 billion XLM were created. Half of the total supply was earmarked for individuals who signed up via an invitation link. The project's various early partners received another 25% of the pre-mine. A further 20% of the total went to BTC and XRP holders. Finally, the Stellar Development Foundation retained 5% to fund development.

Initially, the network had a slightly inflationary monetary policy. Weekly pay-outs to community-elected users increased the supply by around 1% per year. Later network upgrades reduced the total maximum supply to 50 billion and brought in a mechanism to get rid of XLM transaction fees. Given their impact on the available supply, both changes could have a positive impact on the Stellar price.

Although it potentially supports any tokenized asset, the Stellar network creates demand for XLM by requiring users to hold the cryptocurrency in order to perform any of the network's functions. Not only does this drive demand, leading to a potentially higher XLM price, but it also serves as an anti-spam mechanism.

About the founders

Ripple co-founder Jed McCaleb and legal expert Joyce Kim founded the Stellar network in 2014. Disagreements between McCaleb and the Ripple Board of Directors had already caused McCaleb to distance himself from his company over the previous year.

The first inkling that McCaleb was working on Stellar came in February 2014, when a mysterious website called SecretBitcoinProject appeared. It gave little away, other than the fact that developers were needed. McCaleb announced his departure from Ripple that May via a post on the XRPTalk forum.

Shortly after the creation of Stellar, Stripe CEO Patrick Collison joined the project to help set up the nonprofit Stellar Development Foundation (SDF). The SDF continues to maintain the network today with early Stellar development being funded by a $3 million loan from Stripe.

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About the founders

David MazieresFounder and chief scientist

David Mazières is a professor of Computer Science at Stanford University, where he leads the Secure Computer Systems Group.

Stellar FAQ
What is Stellar (XLM)?

Stellar is a decentralized payments system. The network supports transactions in its own cryptocurrency, called Lumens (XLM), as well as tokenized versions of both traditional and other crypto assets via real-world gateways called Anchors.

Stellar allows for incredibly fast and low-cost international transactions. This makes it a popular choice for those making overseas remittance payments. The network also supports additional features — such as basic smart contracts and decentralized applications.

How does XLM work?

Stellar's nodes come to a consensus about the previous transaction history using a mechanism called the Stellar Consensus Protocol (SCP).

In Stellar, anyone can operate a node. However, only nodes added to a particular node's quorum slice are involved in transaction validation. This introduction of trusted parties makes Stellar less decentralized than Bitcoin, for example, but gives it a much faster transaction processing time and higher throughput.

As a result, the Stellar network can confirm new transactions in less than five seconds. Meanwhile, fees remain low since XLM transactions are not competing for block space — as on Bitcoin and other proof-of-work blockchains. Low fees and fast processing allows Stellar to compete with traditional payment networks, like Visa, without relying on a central authority to oversee the network's operation.

What is XLM used for?

XLM has a few uses.

Firstly, XLM is used as a transactional currency on the Stellar network — just like how the Bitcoin blockchain uses BTC. Transaction fees are also paid in XLM, and the network's anti-spam mechanism requires users to hold Lumens in the wallet used to transact.

Thanks to its low-cost transactions, Stellar is finding adoption as a means of making cross-border payments. One of the project's largest target markets is the more than $680 billion annual remittance market.

Finally, XLMs finite total supply has encouraged its adoption as a speculative asset. Those choosing to hold XLM do so in the belief that growing network use will create demand and drive Stellar's price up.

What is the difference between XLM and XRP?

Sharing a founder and some original code, XLM and XRP have a lot in common. Both Stellar and Ripple seek to address shortcomings of the traditional banking system by providing a platform to transact using tokenized versions of non-blockchain assets.

Distinguishing the projects are their respective target markets. Ripple works primarily with banking institutions, whereas Stellar is aimed more at individuals.

The XRP and XLM cryptocurrencies have a different maximum supply, too. Both networks launched with a pre-mine of 100 billion tokens. However, the Stellar Development Foundation destroyed all but 50 billion XLM in 2019. This lower overall supply should mean that the Stellar price will grow faster when buying outweighs selling.

How to buy Stellar Lumens?

Buying Stellar Lumens at OKEx couldn't be easier. Just register for an account to start using our world-leading exchange platform.

Our diverse range of products provides newcomers and experts alike with a few different ways to buy XLM:

Quick trade: Buy and sell Stellar Lumens quickly and securely with a range of payment methods.

Exchange: Perfect your trading strategy with advanced order types and derivative products.

OKEx OTC: Avoid price slippage when buying larger quantities of XLM at our OTC desk.

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Stellar price statistic

Price today
Stellar price
$0.11268
Price change (24h)
+$0.00033
+0.29%
Low and high (24h)
$0.10311Low
$0.11555High
Volume (24h)
$189.67M
Circulating supply
25,032,073,233
Market cap
$2.85B

Found any mistakes?

Stellar FAQ
What is Stellar (XLM)?

Stellar is a decentralized payments system. The network supports transactions in its own cryptocurrency, called Lumens (XLM), as well as tokenized versions of both traditional and other crypto assets via real-world gateways called Anchors.

Stellar allows for incredibly fast and low-cost international transactions. This makes it a popular choice for those making overseas remittance payments. The network also supports additional features — such as basic smart contracts and decentralized applications.

How does XLM work?

Stellar's nodes come to a consensus about the previous transaction history using a mechanism called the Stellar Consensus Protocol (SCP).

In Stellar, anyone can operate a node. However, only nodes added to a particular node's quorum slice are involved in transaction validation. This introduction of trusted parties makes Stellar less decentralized than Bitcoin, for example, but gives it a much faster transaction processing time and higher throughput.

As a result, the Stellar network can confirm new transactions in less than five seconds. Meanwhile, fees remain low since XLM transactions are not competing for block space — as on Bitcoin and other proof-of-work blockchains. Low fees and fast processing allows Stellar to compete with traditional payment networks, like Visa, without relying on a central authority to oversee the network's operation.

What is XLM used for?

XLM has a few uses.

Firstly, XLM is used as a transactional currency on the Stellar network — just like how the Bitcoin blockchain uses BTC. Transaction fees are also paid in XLM, and the network's anti-spam mechanism requires users to hold Lumens in the wallet used to transact.

Thanks to its low-cost transactions, Stellar is finding adoption as a means of making cross-border payments. One of the project's largest target markets is the more than $680 billion annual remittance market.

Finally, XLMs finite total supply has encouraged its adoption as a speculative asset. Those choosing to hold XLM do so in the belief that growing network use will create demand and drive Stellar's price up.

What is the difference between XLM and XRP?

Sharing a founder and some original code, XLM and XRP have a lot in common. Both Stellar and Ripple seek to address shortcomings of the traditional banking system by providing a platform to transact using tokenized versions of non-blockchain assets.

Distinguishing the projects are their respective target markets. Ripple works primarily with banking institutions, whereas Stellar is aimed more at individuals.

The XRP and XLM cryptocurrencies have a different maximum supply, too. Both networks launched with a pre-mine of 100 billion tokens. However, the Stellar Development Foundation destroyed all but 50 billion XLM in 2019. This lower overall supply should mean that the Stellar price will grow faster when buying outweighs selling.

How to buy Stellar Lumens?

Buying Stellar Lumens at OKEx couldn't be easier. Just register for an account to start using our world-leading exchange platform.

Our diverse range of products provides newcomers and experts alike with a few different ways to buy XLM:

Quick trade: Buy and sell Stellar Lumens quickly and securely with a range of payment methods.

Exchange: Perfect your trading strategy with advanced order types and derivative products.

OKEx OTC: Avoid price slippage when buying larger quantities of XLM at our OTC desk.