Stellar Price

Stellar (XLM) is a decentralized cryptocurrency and blockchain platform designed to facilitate fast, low-cost cross-border transactions and connect the world's financial systems. Key features of Stellar include: - Created in 2014 by Jed McCaleb, co-founder of Ripple - Uses the Stellar Consensus Protocol for fast transaction validation (2-5 seconds) - Enables transfers between different currencies and assets - Aims to provide financial access to unbanked populations globally As of 2026-02-02, Stellar is ranked #23 by market cap at $5.72B. The current price is $0.1758, with a 24-hour trading volume of $2.47M. There are 32.54B XLM XLM in circulation out of a total supply of 50B XLM. Stellar's all-time high was $0.8755 on January 3, 2018. The platform continues to develop partnerships with financial institutions and tech companies to expand its real-world use cases in cross-border payments and asset tokenization. Analysts project Stellar's price could reach $0.2025 by 2027, $0.2478 by 2028, and potentially $0.2848 by 2031 as adoption grows.

Stellar was created on August 1, 2014. It was launched by Jed McCaleb, one of the co-founders of Ripple, as a decentralized network for transferring digital and fiat currencies. The XLM token serves as the native asset of the Stellar network, which aims to facilitate fast, low-cost cross-border transactions and connect different financial systems. Since its inception, Stellar has grown to become one of the top cryptocurrencies by market capitalization, currently ranked 23 with a price of $0.1758 and a 24-hour trading volume of $2.47M.

The founders of Stellar are Jed McCaleb and Joyce Kim. Jed McCaleb, who previously co-founded Ripple, initiated the Stellar project in 2014 with the goal of creating a decentralized network for transferring digital and fiat currencies. Joyce Kim joined as a co-founder to help launch the Stellar Development Foundation (SDF), a non-profit organization that maintains and develops the XLM network. The SDF continues to support the growth of the open-source Stellar ecosystem, aiming to increase financial access and inclusion globally through its fast, low-cost cross-border transaction capabilities.

Stellar operates on a decentralized network that enables fast, low-cost transfers between different currencies and assets. It uses the Stellar Consensus Protocol (SCP) for transaction validation, which is more efficient than proof-of-work systems. Key features: 1. Rapid transactions: Completes in 2-5 seconds 2. Low fees: Fraction of a cent per transaction 3. Multi-currency support: Can connect nearly 180 currencies 4. High capacity: Processes millions of transactions daily 5. Energy efficient: More eco-friendly than typical blockchains Stellar tokens (XLM) serve as the native asset of the network, facilitating trades and providing anti-spam protection. The Stellar Development Foundation maintains the open-source code and promotes adoption. Users can create custom tokens, exchange assets, and make cross-border payments easily on the Stellar network. Its speed, low costs, and interoperability make it well-suited for remittances, micropayments, and connecting diverse financial systems globally.

Stellar uses the Stellar Consensus Protocol (SCP), a unique consensus mechanism developed by David Mazières in 2015. Key features of its technical architecture include: 1. Federated Byzantine Agreement (FBA) algorithm for fast and efficient transaction validation 2. Quorum slices for decentralized trust and network resilience 3. Low latency (2-5 second) transaction finality 4. Energy-efficient compared to proof-of-work systems 5. Ability to handle high transaction volumes (hundreds of millions per day) 6. Built-in decentralized exchange for seamless currency conversions 7. Smart contract functionality for custom asset issuance and complex transactions 8. Horizontally scalable network of validator nodes The Stellar network is maintained by the non-profit Stellar Development Foundation. Its open-source codebase and APIs allow easy integration for developers to build on the platform.

The future of Stellar looks promising. The Stellar Development Foundation (SDF) continues to focus on enhancing the network's scalability, security, and adoption. Key roadmap items include: 1. Improving network performance and capacity 2. Expanding partnerships with financial institutions and tech companies 3. Developing more use cases for the Stellar network, especially in cross-border payments and remittances 4. Advancing regulatory compliance and working with governments By 2027, Stellar aims to process over 1 million transactions per day. The price is projected to reach $0.2025 by then. Long-term price predictions estimate Stellar could hit $0.2848 by 2031 and potentially -- by 2036. The team is also working on implementing smart contracts, which could open up new possibilities for decentralized applications on the Stellar network. With its focus on financial inclusion and efficient cross-border transactions, Stellar is well-positioned to play a significant role in the future of global payments and remittances.