Stellar (XLM) has demonstrated remarkable price action, rallying approximately 40% from $0.25 to approach $0.40 following dual technical breakouts. This significant upward movement reflects growing market confidence tied to both ecosystem advancements and institutional validation.
The forthcoming Protocol 23 upgrade, expected in mid-2025, serves as a key catalyst behind the surge. The update aims to enhance network scalability and capabilities, positioning Stellar to attract increased decentralized application development while improving blockchain efficiency.
Substantial institutional endorsement emerged through Franklin Templeton’s tokenization of $446 million in U.S. Treasuries on Stellar’s blockchain. This deployment highlights corporate trust in Stellar’s infrastructure compliance and operational reliability for handling regulated financial instruments.
Decentralized finance activity on the network shows accelerated momentum, with Total Value Locked (TVL) increasing 22% to $120.25 million within 24 hours. This liquidity surge indicates expanding utility adoption across Stellar-based financial applications.
Technical analysis projections suggest additional growth potential, with resistance level studies and volume profile indicators pointing toward a possible $0.6374 valuation target. Market observers attribute sustained bullish sentiment to Stellar’s expanding technological roadmap coupled with its practical enterprise adoption trajectory.