news 
XLM Skyrockets 70% in a Week, Hits $0.40 on Upgrade Buzz
Stellar (XLM) has recorded its highest weekly gains since May 2023, soaring an impressive 70% over the past seven days and reaching a price of over $0.4. This monumental surge follows a string of positive developments within the Stellar ecosystem.
As XLM surges higher, it is now trading above the upper Bollinger Band, signaling strong upward momentum. With such an extraordinary rally, it’s natural to speculate about the reasons behind this incredible growth. Let’s take a closer look at the driving forces propelling XLM towards the stratosphere.
Firstly, anticipation of the upcoming Protocol 23 upgrade has certainly fueled the excitement in the XLM market. The protocol is designed to improve network speed and efficiency, which has garnered significant attention from traders and investors alike.
The proposed modifications aim to enhance transaction execution and state management on Soroban, a smart contract platform integrated with Stellar. In addition, steady growth across the entire ecosystem alongside increasing utilization in real-world applications have played a vital role in driving the asset’s value upward.
Furthermore, institutional participation continues to rise as prominent players like Franklin Templeton tokenize 446 million US Treasury bonds onto the Stellar blockchain. This move signifies growing trust in the platform and bolsters the crypto market.
Lastly, an extraordinary increase in DeFi TVL (Total Value Locked) in decentralized finance, which rose by a whopping 22% within the last 24 hours to reach $120.25 million, has supported this momentum and strengthened the bullish sentiment further.
As XLM’s value exceeds the critical resistance level for the first time since Q1 2025, it is imperative to acknowledge that the asset could experience a short-term pause or pullback if buying pressure slows down.
Source: cryptopotato.com
