How do you feel about Stellar Lumens today?

Today's XLM price

The 24-hour trading volume is $182.83M. The latest XLM price is $0.2314, based on the most up-to-date USD market data. Stellar Lumens is -2.03% in the last 24 hours with a circulating supply of 31.23B.

XLM price history (USD)

What is Stellar Lumens?

Stellar (XLM) is a peer-to-peer (P2P), decentralized network created in 2014 by the Stellar Development Foundation, also known as Stellar.org. The network officially launched in 2015 with the goal of connecting the world’s financial systems and providing a standardized protocol for payment providers and financial institutions. The Stellar platform is designed to move financial resources quickly, reliably, and at minimal cost. It connects people, banks, and payment processors, allowing users to create, send, and trade various types of cryptocurrency. At the core of the network is its native digital currency, XLM, also known as Lumens. XLM acts as a bridge currency in transactions and is used to pay transaction fees. Here’s how it works: the protocol converts money within seconds — first into XLM, and then into the recipient’s desired currency. The Stellar payment protocol is based on distributed ledger technology — it is open-source, community-owned, and community-distributed. The platform’s crypto asset facilitates cross-border transactions by overcoming the traditional challenges of high fees and slow processing times. Stellar primarily focuses on helping individuals transfer money rather than targeting institutional clients. By doing so, it offers global access to financial systems, enabling people to send money worldwide quickly and at low cost. In addition, Stellar serves as a decentralized exchange and marketplace, featuring a built-in order book that tracks the ownership of Stellar assets. Users can manage buy and sell orders and select their preferred settlement assets. XLM helps minimize transaction fees across the platform. The network maintains a high level of security. All XLM holders must maintain at least one token to remain active on the network. This mechanism supports the network’s overall goal of executing transactions efficiently and with minimal time costs. Furthermore, Lumens protect the network against flood attacks by making microtransactions prohibitively expensive for potential attackers, safeguarding the Stellar Network from serious threats. Stellar’s target audience includes residents of developing countries and everyday users, providing them with access to the global economy through fast, simple, and inexpensive transactions. The network makes extensive use of Lumens to enable live currency conversions and send funds across multiple currencies — allowing the sender to transfer one currency, while the recipient can receive another. This feature is particularly useful for transactions between currencies without widely traded pairs. Support for multi-currency transactions is another key competitive advantage of Stellar. Its ability to perform seamless cross-currency transfers enhances foreign transaction processes. Users benefit from stable transaction speeds and consistently low fees. This functionality is powered by a system called Anchors — bridges between various currencies and the network — which simplifies exchanges and accelerates the overall transaction process.

Stellar Lumens resources