About Stellar Lumens

Stellar (XLM) has had an impressive run recently, surging by 43.44% over the past 8 days. The cryptocurrency moved past key resistance levels, gaining attention from traders and investors alike.

Stellar (XLM)'s Horizon API enhances data reingestion speeds by integrating CDP components, achieving performance improvements up to 9 times faster compared to traditional methods.

Investment management company Franklin Templeton recently revealed plans to move assets worth $1.7 trillion to blockchain. According to the firm's representative, they will use the Stellar (XLM) platform to reduce transaction costs and bolster operational efficiencies. Franklin Templeton adopts Stellar Franklin Templeton's rep highlighted that blockchain technology will help the firm reduce costs.

The $0.1-$0.103 area has been a significant resistance since August, but Stellar was quick to rocket past it.

The crypto market today has demonstrated a rather modest rise, increasing by 1.51% over the last day, bringing the total market cap to $2.98 trillion. The trading volume rose significantly, up by 35.59% to $358.59 billion.

Stellar (XLM) has been a crucial player in the cryptocurrency ecosystem, particularly known for its focus on cross-border payments and decentralized finance (DeFi). With a current price around $0.10, Stellar remains within the top 30 cryptocurrencies by market cap.