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Stellar (XLM) surpasses Ripple (XRP) in transactions and rises by 38% as bulls look to break the $0.50 barrier

Stellar (Stellar-XLM) - the native currency of the blockchain specialized in facilitating payment transactions on the blockchain - has emerged as one of the most prominent alternative currencies with stable gains over the past month, as its price rose by 7% on May 11 to regain its market value of $10 billion, culminating in an impressive monthly performance during which it increased by 38% to reappear in the list of the top 15 cryptocurrencies by market capitalization.

Stellar Blockchain Transaction Metrics Outshine Ethereum and Ripple

The Stellar blockchain first appeared as a network fork of the Ripple blockchain in 2014 following a sharp division within the management of the Ripple (XRP) project, with the XLM currency seen as a direct competitor to XRP since then. While the latter boasts a market value exceeding $150 billion, XLM's price has shown stronger performance over the past month, with Messari data indicating that the Stellar blockchain - on May 11 - processed over 3.3 million transactions costing $4,000 to complete.

Stellar Blockchain Transaction Statistics, Source: Messari In contrast, the Ripple blockchain processed about 530,000 transactions costing $3,500 to complete, while the Stellar blockchain - as a leading platform for smart contracts - continued to impress users with its remarkable efficiency.