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- On-chain RWA metrics and Stellar’s partnerships suggest growing investor confidence that XLM could make a push toward the $0.50 mark.
- Stellar’s community just greenlit the Protocol 24 Mainnet upgrade, a patch designed to fix a glitch in the network’s state archival process.
Since Stellar (XLM) was launched in 2014, the network has emerged as one of the most promising ecosystems for real-world asset (RWA) tokenization against other altcoins.
As indicated in our previous news story, the network has surpassed $500 million in tokenized assets. It claims exposure to more than $3 billion in real-world financial instruments, driven primarily by tokenized U.S. Treasuries.
According to DeFiLlama, Stellar’s total value locked (TVL) has reached a record high, with over 456 million XLM now staked across various DeFi protocols. Despite this strong fundamental momentum, the token has dipped 66% from its $0.93 all-time high to $0.3163.
Still, Stellar could make another push toward the $0.40 level if momentum returns. Derivatives data from CoinGlass shows a mixed picture: while trading volume is down 14.18% to $205.69 million, open interest has climbed 2.51% to $133.69 million, hinting at a buildup in leveraged positions.
What Stellar Has Built
Scopuly, a Stellar base wallet, posted on X explaining,
From Mexico to Nigeria, Stellar enables: Instant fiat–stablecoin swaps, Cross-border transfers with near-zero fees, Cashouts via WhatsApp wallets.
The network’s RWA portfolio is now dominated by tokenized U.S. Treasuries, which account for 94.8% of total holdings. The BENJI token, issued by Franklin Templeton, represents the largest share, with assets totaling approximately $496 million.
Following that, public equities make up 4.1% (around $21.8 million) across ten offerings, while non-U.S. government debt contributes another 0.5% (roughly $2.9 million) spread across two instruments.
As reported by CNF, Mercado Bitcoin announced a $200 million RWA issuance on Stellar, with these assets expected to go live between November and December 2025.
Stellar now hosts multiple Treasury-based funds, and platforms like WisdomTree are issuing equity funds, real estate, or non-U.S. debt on the chain. This is important because tokenized sovereign or quasi-sovereign assets bring stability, credibility, and institutional appeal, especially when combined with compliance measures, regulated issuers, and on-chain programmability.
Stellar’s growth can be attributed to regulated issuance platforms like Archax, which is leading the way with plans to tokenize the Aberdeen Money Market Fund directly on the Stellar blockchain.
The network has expanded its interoperability tools and oracle integrations through collaborations with LayerZero, Redstone, and other cross-chain providers.
Most recently, Stellar blockchain integrated Pi Network into Stellar’s DeFi infrastructure, a move that instantly connects over 60 million new users to Stellar’s growing suite of financial tools and parallel transaction systems designed for RWA trading.
MoneyGram unveiled a new mobile application in Colombia, powered by the Stellar blockchain. The app will allow users to receive instant U.S. dollar transfers backed by Circle’s USDC stablecoin.
In September, the Stellar Development Foundation (SDF) rolled out its “Whisk” upgrade, also known as Protocol 23. Whisk introduced unified Asset Events for streamlined asset tracking, Parallel Transaction Processing to allow Stellar Core to validate ongoing transactions while preparing the next batch, and six additional Core Advancement Proposals (CAPs) that further boost performance and scalability.
Building on that, Stellar’s validators voted to approve the Protocol 24 Mainnet upgrade on October 22, following a successful Testnet deployment a day earlier. This upgrade addresses a stability issue in the state archival feature of Stellar Core and reflects one of the fastest upgrade cycles in the network’s recent history.
