Stellar price
XLM
XLM

Stellar price

$0.10510
-$0.00020
(-0.19%)
Price change from 00:00 UTC until now
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Stellar market information

Market cap
$3.08B
Circulating supply
29,311,833,330 XLM
Market cap ranking
30
24h high
$0.10690
24h low
$0.10400
All-time high
$0.79800

XLM calculator

USDUSD
XLMXLM
Our current rate
1 XLM ≈ $0.10510

Stellar price performance in USD

The current price of Stellar is $0.10510. Since 00:00 UTC, Stellar has decreased by -0.19%. It currently has a circulating supply of 29,311,833,330 XLM and a maximum supply of 50,001,786,960 XLM, giving it a fully diluted market cap of $3.08B. At present, Stellar holds the 30 position in market cap rankings. The Stellar/USD price is updated in real-time.
Today
-$0.00020
-0.19%
7 days
$0.0017700
+1.71%
30 days
$0.011470
+12.25%
3 months
-$0.00878
-7.71%

About Stellar (XLM)

4.0/5
Certik
4.3
07/19/2024
CyberScope
4.4
07/20/2024
TokenInsight
3.2
02/10/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Stellar is an open-source and decentralized payment protocol that enables the world's financial systems to collaborate on a single network. As a Layer 1 blockchain, users can create, send, and trade digital representations of crypto and fiat currencies. Furthermore, Stellar provides developers with the documentation, tools, and support they need to build their own projects on top of Stellar. Stellar has handled over 2 billion transactions since its inception.

Unlike Bitcoin, which uses a Proof of Work (PoW) consensus, or Cardano (ADA), which uses a Proof of Stake (PoS) consensus, Stellar operates using a Federated Byzantine Agreement (FBA) algorithm. For example, the FBA algorithm allows Stellar to process transactions much more quickly and affordably without the intense computational power required by the Bitcoin blockchain. Each node in the Stellar network chooses a set of trustworthy nodes, and a transaction is only considered to be approved when all the nodes within this set agree. This process is much shorter and more efficient than many alternatives, making Stellar's network incredibly fast. It is believed that Stellar can process more than 1,000 transactions per second. In addition, transactions on the Stellar network are very affordable. Fees are fixed at 0.00001 XLM per transaction.

Stellar also has its decentralized exchange (DEX), StellarX, which can be used to trade all types of cryptocurrencies and traditional assets like silver, gold, and more. The Stellar network's continuous development and growth are overseen by a non-profit organization founded in 2014 called Stellar Development Foundation (SDF). It works hand-in-hand with Stellar to make markets more open, money more fluid, and empower people. The SDF assists in maintaining Stellar's codebase, supports communities built around it, and speaks on Stellar's behalf with institutions and regulators.

Stella's native utility token, XLM, serves three primary functions: transaction fees, account management, and fueling the Stellar payment system. XLM is commonly used as a bridge to reduce international trade costs. Many organizations worldwide, ranging from small-time startups to large corporations, use Stellar in their projects. It helps them tap into new markets and transfer money globally without hassle. These organizations include MoneyGram, Circle, Securrency, Settle, SatoshiPay, ClickPesa, and more.

How does Stellar work?

The Stellar protocol swiftly transforms any valuable asset into XLM and then seamlessly into the recipient's currency within seconds. Stellar enables the creation of digital representations of money or assets, allowing for free transactions, redemption, receipt, and market trading. A prime illustration is USD Coin (USDC), a stablecoin pegged to the dollar, crafted via the Stellar protocol. The process involves anchors, entities facilitating value transfers between Stellar and the traditional banking system in both directions.

These are secure connections between Stellar and other payment systems. Anchors can offer a variety of financial services to users, such as creating on/off ramps and issuing assets. They keep wallets with XLM and fiat balances to allow for simple currency exchange on Stellar. MoneyGram (International), Settle Network (Mexico, Argentina, and Brazil), Bitso (Mexico), Chronos (Argentina), Cowrie (Nigeria), Tempo (Europe), and Stablecorp (Canada) are some of the well-known anchors on Stellar.

Stellar employs a novel Stellar Consensus Protocol (SCP) invented by the project's Chief Scientist, David Mazieres, in 2015. This consensus mechanism implements the Federated Byzantine Agreement (FBA), which Ripple pioneered. According to SCP, a group of trustworthy nodes responsible for validating transactions and adding new blocks is chosen regularly via a voting mechanism. Anyone can run a node, and each node votes on and contributes to selecting a group of trustworthy nodes for the job. SCP ensures cheaper transactions processed in seconds due to its four fundamental properties: flexible trust, decentralized control, asymptotic security, and low latency.

XLM price and tokenomics

One hundred billion XLM tokens were created at Stellar's launch in July 2014. Two billion were sold and pre-allocated during a private seed round held in May 2014. These were jointly bought by Stellar's founder Jed McCaleb and Stripe CEO Patric Collison for $3 million. The purpose was to provide seed funding for creating the Stellar Development Foundation (SDF).

Between Stellar's launch and a community vote held in October 2019, XLM's supply grew at an annual inflation rate of 1%. The inflationary mechanism was removed after the 2019 vote, and over half of the token's maximum supply was burnt and removed from circulation. From that point onwards, a decision was taken not to create more XLM. The new maximum supply of XLM stood at a little over 50 billion tokens. As of writing, SDF holds almost 60% of the total XLM supply. It will be used for developing and promoting the Stellar network and will gradually enter the circulating supply with time.

About the founders

Jed McCaleb and Joyce Kim founded Stellar. McCaleb founded the Mt. Gox cryptocurrency exchange before his involvement with Stellar. He was also Ripple's co-founder and CTO. Following the formation of Stellar by McCaleb and former lawyer Kim, payments firm Stripe invested $3 million in the company, assisting in the formation of the Stellar Development Foundation (SDF), a non-profit organization through which the company operates to this day. The Stellar user base has grown steadily since its inception, with the network eventually surpassing 7 million accounts by the middle of July 2022.

Stellar highlights

Partnership with MoneyGram

MoneyGram International, a major provider of international payment services, announced a strategic partnership with Stellar in May 2022. The agreement calls for developing a stablecoin-based platform to facilitate global money transfers. Stellar wallet users can transfer USD Coin (USDC) to recipients, who can then convert them into their local fiat currency via MoneyGram's network with this new service.

Partnership with WhiteBIT

In other Stellar-related news, WhiteBIT, one of Europe's largest digital asset exchanges, announced the integration of Stellar USDC into its platform. WhiteBIT has joined a growing list of prominent exchanges accepting Stellar USDC deposits and withdrawals for their European clients.

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XLM FAQ

What is Stellar?

Stellar is a Layer 1 payments protocol designed to work with fiat and cryptocurrencies. Stellar allows users to send digital representations of money internationally quickly and affordably. Stellar is a decentralized network that is built using open-source code.

How is Stellar secured?

Stellar uses a novel Stellar Consensus Protocol (SCP) to secure its network. It implements the Federated Byzantine Agreement (FBA) pioneered by Ripple.

Where can I buy XLM?

Easily buy XLM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include XLM/USDT, XLM/USDC, and XLM/BTC. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for XLM with zero fees and no price slippage by using OKX Convert.

How much is Stellar worth today?
Currently, one Stellar is worth $0.10510. For answers and insight into Stellar's price action, you're in the right place. Explore the latest Stellar charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Stellar, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Stellar have been created as well.

XLM calculator

USDUSD
XLMXLM
Our current rate
1 XLM ≈ $0.10510