Stellar Lumens Live Price

What is Stellar Lumens?

Stellar, a decentralized payment network, uses Stellar Lumens (XLM) as its cryptocurrency to run different transactions. It was launched to avoid spam on the ledger, allowing easy global money transfers using blockchain software. The protocol was founded in 2014. Every account should have a minimum balance of 1 lumen and a 0.00001-lumen minimum fee per transaction. Having this bridge currency allows more effortless movement of money from one user to another. Lumens are used to pay costs rather than fiat currency to ensure that network prices are fair for anyone regardless of their location. Stellar Lumens are not awarded or mined by the protocol. When Stellar went live, 100 billion XLM were introduced with a 1% annual increase in the first five years or so. However, the total lumen supply decreased in November 2019, which is now at 50 billion lumens. No more additional XLM will be created. The recent market capitalization for XLM is at $7.4 billion. It is named the 18th largest cryptocurrency by CoinMarketCap. Almost 20 billion lumens circulate the open market, and 30 billion go to the development and promotion of the protocol as mandated. These lumens will be entering the public markets in the future.

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How much is Stellar Lumens worth?

Stellar Lumens (XLM) is worth 0.18 USD as of March 15, 2022, 2:18 am UTC time. View the interactive graph to see how much Stellar Lumens has changed in the last hour or historically. Stellar's cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems, and individuals quickly and reliably.