*Last updated 06:08 08/18/2022
Stellar XLM
Ranking #26
$0.12 -2.30%
  • Market Cap $3,051,750,000 0.08%
  • Volume 24h $118,443,000 2.30%
  • Fully Diluted Valuation $6,038,190,000
Circulating Supply 24,354,300,000 XLM
Total Supply 50,001,800,000 XLM
Max Supply 50,001,800,000 XLM
Last updated 06:08 - 08/18/2022

Technical Chart

Stellar Statistics

  • Rank 28
  • Num market Pairs 443.00
  • Price $0.12
  • Price 24h High 0.13
  • Price 24h Low 0.12
  • Change 1h 0.08%
  • Change 24h -2.30%
  • Change 7 day -3.97%
  • Change 30 day 4.94%
  • Change 60 day 6.98%
  • Change 90 day -9.16%
  • Market Cap Dominance 0.27%
  • Block Times 0
  • Hashing algorithm
  • Developer score 88.227
  • Community score 48.757
  • Liquidity Score 68.724

Social Statistics

  • twitter followers 712,344
  • reddit average posts 48h 1
  • reddit average comments 48h 31
  • reddit subscribers 209,420
  • reddit accounts active 48h 160

Development Statistics

  • forks 954
  • stars 2,872
  • subscribers 276
  • total issues 1,303
  • closed issues 1,098
  • pull requests merged 1,126
  • pull request contributors 68
  • commit count 4 weeks 11

All You Want To Know About Stellar

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially. Distributed Exchange Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency. For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user. This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network. Lumens (XLM) Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost. In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. Prior to Protocol 12, Stellar had a built-in inflation mechanism conceived to allow account holders to collectively direct inflation-generated lumens toward projects built on Stellar. As the network evolved and grew, it became increasingly clear that inflation wasn’t working as intended — account holders either didn’t set their inflation destination or joined inflation pools to claim the inflation themselves, and the operational costs associated with inflation payments continued to rise — and so a protocol change to disable inflation was proposed, implemented, voted on by validators, and ultimately adopted as part of a network upgrade. The inflation operation is now deprecated. https://developers.stellar.org/docs/glossary/inflation/
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