Stellar $XLM has quietly recorded a remarkable performance milestone on-chain, which may pave the way for future price increases. One of the key operational metrics for the network, the number of daily transactions for Stellar, has increased by 100% in the last month from around one million to over three million on average.
This on-chain growth is more than just numbers. It reflects actual activity: the ecosystem currently supports over 336,000 assets, with more than 8.8 billion total accounts, and Stellar processes over 7.9 million transactions daily. Although the price movement may not seem particularly impressive at first glance, Stellar is far from stagnant given its level of adoption and usage, especially with the integration of DEX trades (1.44 million in the past 24 hours).
With a market cap of nearly $8 billion and a daily trading volume slightly above $240 million, Stellar is trading at approximately $XLM
) currently at around $0.25. Although the asset is currently trading below the important moving averages EMA 50 and 200, network activity still indicates a bullish divergence. Historically, increases in on-chain usage have preceded or coincided with price expansion, especially when technical indicators do not align with the fundamental picture.
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Although #XLMUSDT is still in a consolidation zone, from a charting perspective, signs of a bottom are beginning to appear. The relative strength index is at ~44, indicating potential for upward movement without entering overbought territory. Additionally, the price is approaching a zone that has provided consistent support since April.
If the trend of operations and transactions continues and eventually begins to reflect in investor sentiment, XLM may see another rise toward the $0.30-$0.32 range. However, for any sustainable breakout, confirmation above the EMA 50 and 200 will be necessary. In short, the Stellar blockchain has become very popular again. All the market needs now is to catch up.
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