Stellar Transaction Speed Reaches All-Time High! Trading Volume Surges 309%, Boosting XLM

▲ Stellar (XLM)/AI-generated image ©

Stellar (XLM) showed independent strength, rising over 4% even in a bear market. With the network's transactions per second (TPS) hitting an all-time high and the real-world asset (RWA) market expanding to $3.38 billion, trading volume surged by over 300%. This simultaneous increase in institutional adoption expectations and a technical breakthrough pushed the price up.

According to CoinMarketCap, a cryptocurrency market aggregation site, on September 28 (local time), XLM traded at $0.225, up 4.54% over 24 hours. This trend contrasted with the overall market weakness during the same period. The Stellar network processed 217.4 transactions per second on this day, recording its highest speed ever. The influx of actual institutional funds, particularly into tokenized bonds and government bond products, drove the increase in transactions, and the recent Protocol 28 upgrade was also analyzed to have supported network performance improvement.

The growth of the real-world asset market was also cited as a key driver for XLM's rise. The value of RWA distributed on the Stellar network increased to $3.38 billion, ranking it 4th among blockchains worldwide. The simultaneous expansion of transaction processing speed and RWA volume reinforced expectations that Stellar is being utilized as a network for large-scale financial transactions.

Technically, bullish signals were also confirmed. XLM broke through a major downtrend line, and its 24-hour trading volume surged by 309% to $722.9 million. The price is trading above key weekly moving averages, and the MACD (Moving Average Convergence Divergence) also turned bullish. In particular, the simultaneous occurrence of price appreciation and a surge in trading volume suggests that buying pressure is supporting this breakout.

In the short term, $0.213 was presented as a key support level. If XLM maintains the 23.6% Fibonacci retracement level of $0.213 and surpasses its recent high of $0.226, there is a possibility of rising to the 127.2% Fibonacci extension level of $0.241. Conversely, if $0.213 breaks, it could correct to the next support level of $0.205, and further declines in Bitcoin (BTC) were also cited as a variable that could pressure altcoin investor sentiment.

CoinMarketCap assessed XLM's short-term trend as a phase dominated by bullish momentum. The analysis suggests that a differentiated uptrend emerged despite market weakness, driven by network achievements like record-high transaction processing speed and RWA growth, coupled with a technical breakout. Going forward, whether XLM maintains its upward trend above $0.213 and whether the record network throughput leads to sustained activity from developers and institutions will determine further upside potential.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*