Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. As a cross-border transfer and payment system that connects financial entities, Stellar aims to unite the world’s financial infrastructure, connecting banks, payment systems, and individuals with near-instant and secure transfers.

If the Internet connected the world’s computers to enable the free global flow of information, Stellar aims to do the same for money. To accomplish this vision while maintaining neutrality, Stellar is not set up as a bank or a business. Instead it’s a decentralized, open network that is supported by a nonprofit foundation called the Stellar Development Foundation (or SDF, for short).

XLM (or Lumens) fuels activity on the Stellar network — a system designed to help payments (and currencies) cross borders  faster and cheaper than with traditional financial-system networks. 

For example, a bank in Japan might use Stellar to send money to a bank in Mexico. Stellar would automatically convert yen to XLM, send the payment via blockchain, and reconvert XLM to pesos at the current exchange rate. 

Stellar was intended to work alongside existing assets and cryptocurrencies, allowing users to create digital representations of any asset as a Stellar token. These can then be used to transact on the blockchain, and can be redeemed at any time for the base asset. As an example, a stablecoin pegged to the U.S. dollar, such as  USDC, is issued on the Stellar network.

As a decentralized financial network, no single entity can process transactions or stop someone from onboarding or offboarding into Stellar, and the network can still run successfully even if some servers are turned off or fail.

Unlike many popular cryptocurrencies, XLM cannot be mined or staked to receive rewards and increase the asset’s supply. While Stellar works like technologies like Bitcoin, its key distinguishing feature is its consensus protocol. The present-day Stellar is a result of a 2014 fork that created the Stellar Consensus Protocol (SCP) following which Stellar became an open-source system. Under this protocol, the transaction authentication process is confined to a select set of trustworthy nodes rather than being left open to the whole network of nodes.

Instead of being mined by “proof of work,” Stellar is secured by a unique blockchain mechanism called the Stellar Consensus Protocol (SCP).

You can buy, sell, send, and receive XLM by creating an account on Coinbase — or a number of other financial technology companies. Coinbase Wallet is another option for storing, sending and receiving XLM.

Released: July 2014

We update our Stellar Lumens to GBP currency in real-time. Get the live price of Stellar Lumens on Coinbase.

The current market cap of Stellar Lumens is £3.954B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Stellar Lumens is £0.6998. This all-time high is highest price paid for Stellar Lumens since it was launched.

Over the last 24 hours, the trading volume of Stellar Lumens is £86.001M.

Assets that have a similar market cap to Stellar Lumens include Dai, World Liberty Financial USD, Canton, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Stellar Lumens is 33 billion.

Stellar Lumens ranks 6 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 98% of Coinbase users are buying Stellar Lumens. In other words, 98% of Coinbase customers have increased their net position in Stellar Lumens over the past 24 hours through trading.