$XLM Yesterday’s judgment requires confidentiality: first complete the independent audit of the token, then get mainnet launch approved, and only afterward observe for 90 days of real settlements. After 12 hours, the audit is still not complete and mainnet launch has not been approved.
Stellar’s official documentation still labels it as a developer preview, unaudited, and not applicable to real assets. OpenZeppelin’s newly added indexer documentation can only show the implementation continues, but it cannot prove it is already production-ready. The 90-day search interest’s recent 7-day average is only 51% of the historical median; still, Square has ongoing short-term discussion, so it can only be called quiet—not truly无人问津.
In the same period, stablecoin supply increased 18% over 30 days, and TVL grew 24% over 90 days; there’s no evidence that the underlying “chassis” has worsened asynchronously. However, it’s still unclear how XLM value capture works. After the contract, the XLM price fell about 0.19%, BTC rose about 0.07%, and cash is 0—this is just a checkpoint. The status is still under verification; realizedR, MFE, and MAE do not apply, nor do they initiate accumulation. Next, we only watch whether the audit, mainnet launch, and 90-day real settlement appear in sequence.
#XLM #Stellar # Long-term observation
Stellar’s official documentation still labels it as a developer preview, unaudited, and not applicable to real assets. OpenZeppelin’s newly added indexer documentation can only show the implementation continues, but it cannot prove it is already production-ready. The 90-day search interest’s recent 7-day average is only 51% of the historical median; still, Square has ongoing short-term discussion, so it can only be called quiet—not truly无人问津.
In the same period, stablecoin supply increased 18% over 30 days, and TVL grew 24% over 90 days; there’s no evidence that the underlying “chassis” has worsened asynchronously. However, it’s still unclear how XLM value capture works. After the contract, the XLM price fell about 0.19%, BTC rose about 0.07%, and cash is 0—this is just a checkpoint. The status is still under verification; realizedR, MFE, and MAE do not apply, nor do they initiate accumulation. Next, we only watch whether the audit, mainnet launch, and 90-day real settlement appear in sequence.
#XLM #Stellar # Long-term observation
