Stellar (XLM) has witnessed a strong price rally that has scored 14% in the last 24 hours and rose 25% in the past week.
This surge adds about $1.2 billion to XLM’s market capitalization in just one day driven by many developments within the ecosystem.
Most notably, the launch of the Protocol 23 upgrade introduces Soroban’s unified events, streamlining smart contract interactions and powering more scalable distributed applications (DAPPs) over the network.
XLM Update
Another major boost to the network is in the form of Pyusd, a PayPal Stablecoin successfully integrated within Stellar.
The integration is expected to enhance cross-border payment capabilities and expand XLM’s global reach to digital payments.
Additionally, the network is rolling out new features that improve both developer and institutional data management and account functionality, such as state archives and multiplexed accounts.
stellar $xlm supports 14% as a large release land! 💥$XLM is moving. It rose 14% this week and is currently trading at $0.2636 (+6% over 24 hours). 📈
The big update is driving rally across the stellar ecosystem!🛠Core V23.0.0RC2 (Protocol 23 release candidate) is live, packed…pic.twitter.com/frnfrai4uj
– Scopuly – Stellar Wallet (@scopuly) July 9, 2025
Rapid growth also suggests increased reliability in Stellar’s ability to handle tokenized real-world assets (RWAS).
Franklin Templeton and Circle (NYSE: CRCL), for example, have deployed nearly $500 million on the US Treasury on the star, reportedly hinting at bullish sentiment in the network’s long-term potential.
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