- Stellar’s partnership with the on-chain RWA metric signals growing investor confidence that XLM can rise towards the $0.50 mark.
- The Stellar community just greenlit the Protocol 24 mainnet upgrade, a patch designed to fix a flaw in the network’s state archive process.
Since Stellar (XLM) was launched in 2014, the network has emerged as one of the most promising ecosystems for real world asset (RWA) tokenization against other altcoins.
As shown in the previous news article, the network’s tokenized assets exceeded $500 million. It claims to have over $3 billion of exposure to real-world financial instruments, primarily powered by tokenized U.S. Treasuries.
According to DeFiLlama, Stellar’s Total Value Locked (TVL) has reached an all-time high, with over 456 million XLM currently staked on various DeFi protocols. Despite this strong fundamental momentum, the token fell 66% from its all-time high of $0.93 to $0.3163.
Still, if momentum returns, Stellar could push further towards the $0.40 level. Derivatives data from CoinGlass paints a mixed picture. On the other hand, trading volume is decreasing. 14.18% decrease Open interest is up to $205.69 million. 2.51% increase amounted to $133.69 million, indicating an increase in leveraged positions.
What Stella has built
Scoply, a Stellar-based wallet, was posted on X and described as follows:
From Mexico to Nigeria, Stellar enables instant fiat and stablecoin exchange, cross-border money transfers with near-zero fees, and cash-out via WhatsApp wallet.
The network’s RWA portfolio is currently dominated by tokenized US Treasuries, accounting for 94.8% of its total holdings. The BENJI token issued by Franklin Templeton holds the largest share, with total assets amounting to approximately $496 million.
Publicly traded stocks then account for 4.1% (approximately $21.8 million) across 10 stocks, and non-U.S. government bonds account for an additional 0.5% (approximately $2.9 million) across two issues.
As reported by CNF, Mercado Bitcoin announced a $200 million RWA issuance on Stellar, and these assets are expected to go live between November and December 2025.
Stellar currently hosts multiple Treasury-based funds, and platforms like WisdomTree issue equity funds, real estate, or non-US bonds on-chain. This is important because tokenized sovereign or quasi-sovereign assets bring stability, reliability, and institutional appeal, especially when combined with compliance measures, regulated issuers, and on-chain programmability.
Stellar’s growth can be attributed to regulated issuance platforms like Archax, which is spearheading a plan to tokenize the Aberdeen Money Market Fund directly on Stellar’s blockchain.
The network has expanded its interoperability tools and oracle integrations through collaborations with LayerZero, Redstone, and other cross-chain providers.
Most recently, Stellar Blockchain integrated Pi Network into Stellar’s DeFi infrastructure. This instantly connects over 60 million new users to Stellar’s growing financial tools and parallel transaction system designed for RWA transactions.
MoneyGram has launched a new mobile application powered by Stellar blockchain in Colombia. The app allows users to receive instant USD transfers backed by Circle’s USDC stablecoin.
In September, Stellar Development Foundation (SDF) rolled out the “Whisk” upgrade, also known as Protocol 23. Whisk introduced unified asset events to streamline asset tracking, parallel transaction processing that allows Stellar Core to validate ongoing transactions while preparing the next batch, and six additional Core Advancement Proposals (CAPs) to further improve performance and scalability.
Based on this, Stellar validators voted to approve the Protocol 24 mainnet upgrade on October 22, following a successful testnet deployment the previous day. This upgrade addresses stability issues with Stellar Core’s state archive feature and reflects one of the fastest upgrade cycles in the network’s recent history.