The post XLM price forms a rare pattern as Stellar transactions jump appeared on BitcoinEthereumNews.com.

XLM plunges 23% from yearly high despite network growth and September upgrade Summary Stellar Lumens price has formed a falling wedge chart pattern. Its transactions jumped by 14% in the last 30 days. Stellar Protocol will implement a key upgrade in September. Stellar Lumens (XLM) was trading at $0.3972 today, August 5, which was about 97% from its lowest point this year.  Stellar transactions and stablecoin growth Nansen data shows that Stellar’s network is doing well. Its transactions rose by 14% in the last 30 days to 81.2 million, making it the eighth most active chains in the crypto industry.  Stellar’s active addresses jumped by 81% in the last 30 days to 515,000. Similarly, its network fees increased by 120% to $201,000, continuing a trend that has been ongoing this year.   Data from Artemis shows that Stellar is on a path towards achieving its goal of simplifying global payments. Its stablecoin supply jumped by 21% in the last 30 days to $209 million. Similarly, the number of transactions rose by 17% to $9.8 million, while the adjusted transaction volume rose by 22% to $1.9 billion. Stellar has room to grow because of its faster transaction speeds and lower costs.  The next potential catalyst for the XLM price will be the upcoming Potocol 23 upgrade. In an X post, the developers noted that the testnet reset and stable builds will be available on August 14, while the mainnet vote will happen on September 3. 🚨 Protocol 23 Timeline Updates 🚨 Key dates:Aug 14: Testnet reset + stable builds availableSep 3: Mainnet upgrade vote The Aug 14 reset will clear ALL testnet data (accounts, assets, contracts.) Be ready to recreate what you need! You’ll need to upgrade ALL Stellar software… — Stellar (@StellarOrg) August 4, 2025 XLM price technical analysis XLM price…

---

Filed under: News - @ August 6, 2025 3:19 am