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Launched in 2014, Stellar Lumens is a cryptocurrency that aims to offer fast and affordable cross-border transactions. Its distributed payments network ensures that transactions are processed within 2 to 5 seconds, for a tiny fee, typically a fraction of a cent.
On launch, Stellar was intended to serve as a value-store and transaction method for the unbanked, allowing them to participate in traditional financial instruments that are otherwise inaccessible. However, Stellar's development team soon pivoted towards servicing financial institutions and allowing them to communicate with one another through blockchain technology.
Due to the extremely low transaction fees and high speeds, Stellar intends to disrupt current cross-border payment methods that are often slow and riddled with high fees, which becomes untenable for institutions which are making constant financial transactions.
Stellar is a hard fork of the Ripple (XRP) cryptocurrency. XLM is the native token of the Stellar network and operates as a bridge that can facilitate trades between two different currencies. It is also used to pay for transaction fees, which helps in preventing spam.
Stellar (XLM) is the 26th largest cryptocurrency in the world by market cap, valued at $3,418,823,346. The current price of Stellar is $0.19475442, which is -0.095% lower than yesterday. Prices have ranged between $0.20111744 and $0.19125554 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 17, 2022 03:05 UTC.
| Coin symbol | XLM |
|---|---|
| Coin Marketcap | AUD$3,418,823,346 |
| Total XLM supply | 50,001,787,814 |
| Circulating XLM | 24,805,682,918 |
| Current price | AUD$0.19475442 |
| All time high | AUD$1.775 |
| All time high date | January 03, 2018 |
| Notable team members | Jed McCaleb, Joyce Kim |
| Partnerships | Visa, Lightnet, MoneyGram |
| Industry | Cryptocurrency |
| Token uses | Digital currency, transaction fees |
| Network | XLM network |
Historical prices compared with the price of $0.19475442.
| 1 hour | -2.25% |
|---|---|
| 24 hours | -0.10% |
| 7 days | -3.94% |
| 14 days | -20.74% |
| 30 days | -33.42% |
|---|---|
| 60 days | -27.85% |
| 200 days | -60.15% |
| 1 year | -80.95% |
Disclaimer: Cryptocurrencies, including Stellar, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of XLM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Stellar or any other cryptocurrency discussed.
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