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Stellar (XLM) sees double-digit gains amid tech upgrades, growing investor interest

2025-07-09 16:39:13

Stellar (XLM) sees double-digit gains amid tech upgrades, growing investor interest

Main Idea

Stellar (XLM) has experienced significant price gains driven by technological upgrades, increased institutional investment, and growing DeFi ecosystem activity, with a bullish outlook for future price targets.

Key Points

1. Stellar (XLM) price surged 15.3% in a day and over 25% in a week, trading at $0.2924, driven by smart contract and DeFi upgrades.

2. Total Value Locked (TVL) in Stellar's DeFi ecosystem reached a record $108.88 million, indicating strong ecosystem growth and developer engagement.

3. Protocol 23 upgrade, set for a vote on August 14, 2025, introduces features like Soroban parallel execution and Unified Asset Events to enhance scalability and utility.

4. Institutional adoption is rising, with Franklin Templeton and Circle deploying over $500 million in US Treasuries on Stellar's network, boosting market confidence.

5. Technical indicators suggest a bullish trend, with short-term resistance at $0.284 and long-term targets as high as $0.681 if momentum continues.

Description

Stellar (XLM) is capturing market attention as its price surges amid a wave of network upgrades, institutional support, and increased investor engagement. Over the past week, XLM has posted double-digit percentage gains, driven by strong fundamentals and a decisive technical breakout that signals a shift in sentiment across the ecosystem. At press time, XLM was trading around $0.2924, up 15% on the day and over 25% on the week. This price rise comes as on-chain metrics, including Total Value Loc...

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Tags:
Altcoins Crypto Stellar
$XLM
$0.28833
+11.90%

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