1. Summary
- Price
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$0.38 +10.1%
- Market Cap
- $11.36B (#16)
- Supply
- 30.23B / 50.00B
- Description
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Stellar is a cryptocurrency that is designed to help the unbanked population have access to all of the financial services. It essentially allows any user to move payments across borders in a cheap, efficient way, that serves this role a lot more quickly than the existing systems.
Stellar is a cryptocurrency that is designed to help the unbanked population have access to all of the financial services. It essentially allows any user to move payments across borders in a cheap, efficient way, that serves this role a lot more quickly than the existing systems.
You can think of Stellar as a system that connects people to financial services at low costs. The interesting part here is that Stellar was originally based on the Ripple Labs Protocol and its blockchain is the result of a hard fork, where the code was subsequently re-written to make it the way it is.
The XLM Token Explained
The Stellar Network created 100 billion Lumens (XLM) tokens when it first started. That being said, the Lumens Foundation, which is a non-profit organization, presides over how these Lumens are issued and auctions off chunks with the intention of raising funds.
These native tokens on the network serve as a bridge that makes it a lot less expensive to trade assets across borders, and all of this aims to challenge the existing payments providers due to the fact that they are known to charging high fees for a service that’s just as good.
Features of Stellar
Here’s the deal, high fees when making cross-border payments aren’t exclusive to FIAT-based payment systems, as they have also been seen on blockchains such as Bitcoin’s blockchain as well as Ethereum’s blockchain due to congestion. Stellar is special in the way that each transaction is intended to cost just 0.00001 XLM. Now, given the fact that a single unit of this cryptocurrency will set you back only a few cents, it helps ensure that you can keep as much of your money as possible.
Stellar’s operation is at times similar to other decentralized payments technologies, and this is due t to the fact that it runs a network of decentralized servers with a distributed ledger that updates every 2 to 5 seconds across all nodes. However, Stellar’s consensus protocol does not rely on the miner network to approve its transactions, and instead uses the Federated Byzantine Agreement (FBA) algorithm that enables faster processing of transactions.
In fact, each node on the Stellar network chooses another set of trustworthy nodes, and once a transaction ends up getting approved by all of the nodes within this set, it is considered approved.
Founders of Stellar (XLM)
Discussing the founders of Stellar, what you genuinely need to know about it is the fact that it is an open network that was founded by Jed McCaleb, alongside the assistance of the lawyer Joyce Kim after leaving Ripple in the year 2013 over certain disagreements about where the company was headed throughout the years.
McCaleb’s main goal is to ensure that Stellar has the ability to provide people with a way through which they can move their FIAT into cryptocurrency and eliminate the friction that people would normally experience when they are sending money on a global basis. McCaleb currently fills the role as the CTO at the company, but alongside this, he is the co-founder of what is known as the Stellar Development Foundation.
| Price | |
| 52W High price | $0.56 |
| 52W High date | 2nd Dec 2024 (2 weeks ago) |
| All Time High (ATH) Date | 3rd Jan 2018 (6 years ago) |
| ATH Price | $0.88 |
| % From ATH | -57.13% |
| All Time Low (ATL) Date | 5th Mar 2015 (9 years ago) |
| ATL Price | $0.000476120000 |
| % From ATL | 78730.51% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1.15B |
| Total Supply | 50.00B |
| Max Supply | 50.00B |
| Circulating Supply | 30.23B |
XLM
How does Stellar's (XLM) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
55.6%
XLM
14.9%
Similar Market Cap
60 Day Return
294.6%
XLM
85.7%
Similar Market Cap
1 Year Return
206.7%
XLM
87.3%
Similar Market Cap
We're monitoring 169 Stellar GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Stellar Repos)
Commits vs. The Market
- Past 4 weeks: 89 commits vs. an average of 1
- Past 12 weeks: 350 commits vs. an average of 7
- Past year: 1,755 commits vs. an average of 104
Most Active Repos
| Past week | 40 |
|---|---|
| Past 12 weeks | 209 |
| Past year | 897 |
| Past week | 60 |
|---|---|
| Past 12 weeks | 199 |
| Past year | 865 |
| Past week | 21 |
|---|---|
| Past 12 weeks | 173 |
| Past year | 682 |
| Past week | 4 |
|---|---|
| Past 12 weeks | 13 |
| Past year | 279 |
| Past week | 29 |
|---|---|
| Past 12 weeks | 75 |
| Past year | 246 |
| Past week | 43 |
|---|---|
| Past 12 weeks | 120 |
| Past year | 242 |
Top Developers 2024
In total, 940 developers have contributed to Stellar over the past year. Who are the most active Stellar developers, by commits, over the past year?
Related Projects
Developers working on Stellar also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 212,339 |
|---|---|
| Active Reddit Users (past 24h) | 226 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 792,419 |
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stellar.org/blog/thought-leadership/stellar-aid-assist-2-year-anniversary Official
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developers.stellar.org/es/ Official
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developers.stellar.org/es/ Official
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developers.stellar.org/docs/data/horizon/horizon-providers Official
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developers.stellar.org/docs/data/horizon/horizon-providers Official
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stellar.org/marketing-grant-application Official
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stellar.org/marketing-grant-application Official
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stellar.org/blog/developers/using-protocol-17s-asset-clawback Official
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stellar.org/blog/developers/using-protocol-17s-asset-clawback Official
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stellar.org/blog/developers/using-protocol-17s-asset-clawback Official
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developers.stellar.org/docs/tools/developer-tools/oracles Official
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developers.stellar.org/docs/tools/developer-tools/oracles Official
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developers.stellar.org/docs/tools/developer-tools/oracles Official
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u.today/stellar-xlm-suddenly-up-12-reason
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u.today/stellar-xlm-suddenly-up-12-reason
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u.today/stellar-xlm-suddenly-up-12-reason
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stellar.org/?rdt_cid=4552536965308051113 Official
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stellar.org/?rdt_cid=4552536965308051113 Official
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stellar.org/?rdt_cid=4552536965308051113 Official
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betteron.stellar.org/?twclid=2-73ihtn0smz4bo9gyl5v9paljs Official
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betteron.stellar.org/?twclid=2-73ihtn0smz4bo9gyl5v9paljs Official
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betteron.stellar.org/?twclid=2-73ihtn0smz4bo9gyl5v9paljs Official
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stellar.org/blog/ecosystem/global-partnerships Official
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stellar.org/blog/ecosystem/global-partnerships Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.stellar.org/ |
|---|---|
| Explorer | https://dashboard.stellar.org/ |
| @stellarorg | |
| /r/stellar | |
| Forum | https://galactictalk.org/ |
| Whitepaper | https://www.stellar.org/papers/stellar-consensus-protocol.pdf |
Has Stellar been audited for security?
No security audits found for this project.
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