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XLM Skyrockets 70% in a Week, Hits $0.40 on Upgrade Buzz
In a shocking turn of events, Stellar (XLM) has made an unprecedented 70% surge over the past week, with its price reaching as high as $0.40 for the first time since 2025. This monumental increase can be attributed to the buzz surrounding the upcoming Protocol 23 upgrade.
As the market continues to exhibit bullish momentum, it is crucial to identify the driving factors behind XLM’s astronomical rise. In this article, we will delve into the recent developments that have propelled Stellar to become the top-performing asset among the top 20 cryptocurrencies.
A key catalyst for this rally has been the upcoming Protocol 23 update, which promises significant improvements in network speed and efficiency. The vote on the mainnet is scheduled for August 14, 2025, leaving investors eager to take part in the potential upside.
Furthermore, institutional interest has been steadily growing, as seen with Franklin Templeton’s recent tokenization of $446 million U.S. Treasuries on the Stellar blockchain. This monumental move signifies a shift towards increased trust and adoption within the ecosystem.
Additionally, DeFi TVL (Total Value Locked) in decentralized finance has risen by 22% over the past 24 hours, reaching an impressive $120.25 million. These developments collectively have fostered an environment of optimism among investors, driving XLM’s price above its critical resistance level once again.
As a result, it is essential for traders to be aware of this potential market momentum and any subsequent price movements that may follow.
Source: cryptopotato.com
