Stellar’s Explosive Surge: XLM Hits $0.52 Amid Protocol 23 and Institutional Adoption
The post Stellar’s Explosive Surge: XLM Hits $0.52 Amid Protocol 23 and Institutional Adoption appeared on BitcoinEthereumNews.com.
Rongchai Wang Jul 14, 2025 07:28 Stellar (XLM) has soared over 100% this week, reaching $0.52 driven by Protocol 23 upgrades, institutional adoption, and DeFi growth. Is this just the beginning? 1. Executive Summary Stellar (XLM) has captured the spotlight this week with a remarkable 100% surge, outperforming major cryptocurrencies. Key drivers include the highly anticipated Protocol 23 upgrade, increasing adoption in decentralized finance (DeFi), and a $446 million tokenization by Franklin Templeton. As XLM trades at $0.48, its bullish momentum continues, fueled by strong technical indicators and growing institutional trust. 2. Recent Market Developments XLM Outshines Top CryptosStellar has become the best-performing cryptocurrency among the top 100, with a 25% gain in the last 24 hours and a 100% weekly surge. Its price reached $0.52, marking a significant milestone as traders eye new resistance levels. Protocol 23 Launch Fuels OptimismThe release of Protocol 23 has been a game-changer for Stellar. This upgrade brings smart contracts, parallel transaction processing, and cost-saving interledger features, positioning the network for broader adoption. The market reacted positively, with a 16% price jump following its rollout. Institutional Adoption AcceleratesIn a landmark move, Franklin Templeton tokenized $446 million in U.S. Treasuries on Stellar’s blockchain. This underscores increasing institutional confidence in Stellar’s capabilities to handle high-value assets, further legitimizing its ecosystem. DeFi Ecosystem Sees Significant GrowthStellar’s Total Value Locked (TVL) surged by 22% in a single day, reaching $120.25 million. The rapid expansion of Stellar-based DeFi solutions highlights its growing appeal to both developers and users. PayPal Integration Rumors Bolster SentimentInvestor confidence soared on rumors of PayPal integrating its PYUSD stablecoin onto Stellar. This aligns with Stellar’s focus on cross-border payments and positions it as a key player in stablecoin adoption. Whale Activity Sparks CautionWhile the overall sentiment is…
