Stellar
XLM
Watchlist
₹46.93
LIVE
Watchlist
24H Low ₹44.15
24H High ₹51.50
Price of XLM today
The current live price of XLM today is ₹46.93, with a 24-hour trading volume of ₹3,89,76,84,86,321.28. Our XLM to INR price is updated in real-time. XLM has seen a increment of 6.29% in the last 24 hours. With a live market cap of ₹14,21,98,79,59,228.32 , the circulating supply is at 30,075,043,339 XLM coins, with a maximum supply of 50,001,806,812XLM coins.
Stellar Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹2.48 | 5.58% |
7 Days | ₹3.10 | 7.06% |
30 Days | ₹38.80 | 476.13% |
1 Year | ₹36.19 | 336.58% |
Stellar Price Information
Price Change (1hr)
6.37%
Price Change (24hr)
5.58%
Price Change (7d)
7.06%
Stellar Market Stats
Market Cap
₹14,21,98,79,59,228.32
Fully Diluted Market Cap
₹23,64,15,17,79,468.16
24hr Volume
₹3,89,76,84,86,321.28
146.42%
Circulating Supply
30075043338.52 XLM
Total Supply
50001806812 XLM
Things to know about Stellar
What is Stellar (XLM)?
Stellar Lumens (XLM) facilitates financial transactions on a decentralised peer-to-peer network.
Connects global financial systems; XLM is used for transactions and fees.
Tokenomics
The initial creation of 100 billion XLM was reduced to 50 billion in 2019.
The inflation mechanism ended in October 2019; no new lumens were to be created.
20 billion XLM is in the open market, and 30 billion is retained by the Stellar Development Foundation.
Market Data
As of today #{today’s date}, the price of Stellar is ₹46.93 INR or 0.5333 USD, with a 24-hour trading volume of 4429187344.56 USD. The market capitalisation for Stellar is 16158954082.14USD. The circulating supply is 30075043338.52 Stellar, with the total supply also being 50001786911.16 Stellar.
Pros and Cons
Pros:
Stellar enables fast and low-cost cross-border transactions.
It has a strong focus on developing markets and financial inclusion.
The network is scalable and can handle a large number of transactions.
Cons:
The Stellar Development Foundation holds a significant portion of the total XLM supply, which could lead to centralisation concerns.
The price of XLM can be volatile, which may deter some users and investors.
Why Should You Invest in the Coin?
Potential to revolutionise cross-border payments and financial inclusion.
Partnerships with financial institutions; investment based on research and risk tolerance.
USP of the Coin
Facilitates multi-currency transactions, focusing on financial accessibility in developing countries.
Problem the Coin is Solving
It aims to reduce costs and delays in cross-border transactions by connecting different financial systems for seamless currency exchange.
Founder and Team Background
Co-founded by Jed McCaleb and Joyce Kim; overseen by the Stellar Development Foundation.
McCaleb is known for co-founding Ripple; Kim is a former lawyer.
ICO Price
Raised $39 million with an initial supply of 100 billion lumens priced at $0.002 each.
Implemented a 1% annual inflation rate, later ended; total token count adjusted to 50 billion.
Risks Associated in Investing in the Coin
Regulatory changes, competition from other payment networks.
Influence of Stellar Development Foundation's supply on market dynamics.
Whitepaper Insights
The Stellar whitepaper outlines the design and functionality of the Stellar network, which is a decentralised protocol for financial transactions. The network is designed to be open-source and community-owned to connect different financial systems to enable seamless and cost-effective cross-border transactions. Stellar’s consensus mechanism, the Stellar Consensus Protocol (SCP), is a federated model allowing quick and energy-efficient transaction validation. SCP relies on quorum slices, which are sets of nodes that agree on transaction validity, allowing the network to reach consensus without the need for mining or proof-of-work. The network’s native token, Lumens (XLM), serves multiple purposes within the ecosystem. It is used to pay for transaction fees, maintain minimum account balances to prevent spam, and act as an intermediate currency for multi-currency transactions. This ensures that users can send and receive funds in their preferred currency, even if direct trading pairs are not widely available. Stellar also supports smart contracts and decentralised applications, providing a platform for developers to build financial tools and services. The network’s design includes a built-in decentralised exchange (DEX) that tracks ownership of assets and allows users to place buy and sell orders, facilitating liquidity and market-making activities. The whitepaper discusses the importance of anchors, which are trusted entities that issue digital representations of various currencies on the network. These anchors bridge traditional banking systems and the Stellar network, enabling users to deposit and withdraw funds in their local currency. One of the key features of Stellar is its focus on financial inclusion, particularly in developing countries where access to banking services is limited. By providing a platform for low-cost, efficient, and accessible financial transactions, Stellar aims to empower individuals and businesses worldwide to participate in the global economy. The whitepaper also addresses the governance of the Stellar network, which the Stellar Development Foundation oversees. The foundation supports the network’s infrastructure, promotes adoption, and ensures the network remains open and decentralised.
In summary, the Stellar whitepaper presents a comprehensive vision for a global financial network that is accessible, efficient, and inclusive. It details the technical aspects of the network’s operation, the role of Lumens as the native token, and the network’s potential impact on the future of financial transactions and services.
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Price as per 03:04 PM • 02 Dec 2024
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What is the price of Stellar (XLM)?
The current price of Stellar (XLM) in INR is ₹46.93 INR.
What is the current XLM market cap?
The current market capitalization of Stellar (XLM) is ₹14,21,98,79,59,228.32 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of XLM by the number of coins in circulation.
What is the current supply of Stellar (XLM)?
The current supply of Stellar (XLM) is 30075043338.52 XLM. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Stellar (XLM)?
The 24-hour trading volume of Stellar (XLM) in INR is ₹3,89,76,84,86,321.28. This figure represents the total value of all XLM transactions across various exchanges within the last 24 hours.
How to Buy Stellar (XLM) in India?
To buy Stellar (XLM) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in XLM.
Can I buy Stellar (XLM) with UPI?
Yes, you can buy Stellar (XLM) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Stellar (XLM) to Indian Rupee (INR)?
To convert Stellar (XLM) to Indian Rupee (INR), you can use our XLM/INR conversion rates in real time.