$459M out of ~$800M in Franklin Templeton’s Benji Investments lives on @StellarOrg.
That’s 4x Ethereum, 18x Solana.
6.62K
47
EudemoniaCC🐨
If you don't understand, just ask, what is this?
There are also the top 20 projects of Crypto MC that I don't know, whether I am too ignorant or the project is too abstract
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47.58K
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Stellar
Stablecoins aren't the end goal, they're the building blocks of decentralized finance. #StableSummer
@tomerweller at Stablecoin House:
23.31K
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CryptoSlate
XRP Ledger posted the second-largest 30-day increase in tokenized real-world assets (RWA), adding 34.6% to reach $157.4 million, data from rwa.xyz shows.
Only Aptos outpaced that monthly growth, expanding nearly 57% to $539.3 million, while Ethereum maintained the lead by total value at $7.55 billion, with a 2.4% gain.
Notably, the XRP Ledger is the 10th-largest blockchain by total tokenized RWA value, but it displays the third-smallest number of projects, with six initiatives.
However, this number is set to rise following a recent partnership between Ripple and Brazilian crypto platform Mercado Bitcoin, which aims to tokenize $200 million using the XRP Ledger.
Aptos and XRP Ledger headed the leaderboard by percentage growth. Algorand advanced 21.8% to reach $294.7 million, and Solana added 18.5% to hit $415.0 million.
Stellar was the only top-ten network to shrink, slipping 5.7% to $467.7 million. Ethereum and ZKsync Era, which account for more than three-quarters of the tracked value, recorded low single-digit moves. XRP Ledger’s share of the indexed market now stands at 1.2%.
Inside XRP Ledger’s tokenization stack
US Treasury debt comprises the largest slice of tokenized value on XRP Ledger at $90.1 million, or roughly 57% of the network’s RWA base. Public equity receipts follow at $55.4 million, with non-US sovereign debt and real-estate tokens contributing $11.9 million and $2.9 million, respectively.
Archax anchors the ledger’s protocol table with $112.1 million across three instruments, equal to 55.6% of on-chain value, while Ondo holds $30.1 million.
Furthermore, token volumes on XRP Ledger are set to widen. The Brazilian exchange Mercado Bitcoin announced on July 4 that it plans to tokenize more than $200 million in permissioned fixed-income and equity-income products on the blockchain.
According to Ripple, the effort ranks among the most extensive Latin American tokenization campaigns. It builds on Mercado Bitcoin’s record of issuing more than R$1 billion ($182 million) in on-chain private credit assets with zero defaults.
The exchange will utilize XRP Ledger’s native settlement layer to distribute the instruments across South America and Europe.
Ripple noted that Mercado Bitcoin already uses Ripple Payments for cross-border treasury transfers between Brazil and Portugal and listed the RLUSD stablecoin on its venue earlier this year.
If completed in full, the new issuance would more than double the ledger’s current RWA capitalization and move the network higher in RWA.xyz’s rankings.
The post XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership appeared first on CryptoSlate.
26.88K
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MAP Protocol
🚀 MAPO climbing the ranks!
#4 on D’CENT 🔥
D'CENT Wallet
🎉 Most Created Accounts on D’CENT in JUNE! 🎉
👑 $Base ETH is #1 this month!
🔥 $MAPO takes 4th place this time!
(Maybe it’s thanks to TAP THAT DROP EVENT #2? 🤔)
📊 Is this a new trend or just a summer surprise?
Tell us what you think will be #1 in July! 👇
@base @ethereum @Ripple @MapProtocol @StellarOrg @solana @Bitcoin
The current price of Stellar is $0.23605. Over the last 24 hours, Stellar has decreased by -0.34%. It currently has a circulating supply of 30,935,439,387 XLM and a maximum supply of 50,001,786,893 XLM, giving it a fully diluted market cap of $7.30B. At present, Stellar holds the 14 position in market cap rankings. The Stellar/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Stellar is an open-source and decentralized payment protocol that enables the world's financial systems to collaborate on a single network. As a Layer 1 blockchain, users can create, send, and trade digital representations of crypto and fiat currencies. Furthermore, Stellar provides developers with the documentation, tools, and support they need to build their own projects on top of Stellar. Stellar has handled over 2 billion transactions since its inception.
Unlike Bitcoin, which uses a Proof of Work (PoW) consensus, or Cardano (ADA), which uses a Proof of Stake (PoS) consensus, Stellar operates using a Federated Byzantine Agreement (FBA) algorithm. For example, the FBA algorithm allows Stellar to process transactions much more quickly and affordably without the intense computational power required by the Bitcoin blockchain. Each node in the Stellar network chooses a set of trustworthy nodes, and a transaction is only considered to be approved when all the nodes within this set agree. This process is much shorter and more efficient than many alternatives, making Stellar's network incredibly fast. It is believed that Stellar can process more than 1,000 transactions per second. In addition, transactions on the Stellar network are very affordable. Fees are fixed at 0.00001 XLM per transaction.
Stellar also has its decentralized exchange (DEX), StellarX, which can be used to trade all types of cryptocurrencies and traditional assets like silver, gold, and more. The Stellar network's continuous development and growth are overseen by a non-profit organization founded in 2014 called Stellar Development Foundation (SDF). It works hand-in-hand with Stellar to make markets more open, money more fluid, and empower people. The SDF assists in maintaining Stellar's codebase, supports communities built around it, and speaks on Stellar's behalf with institutions and regulators.
Stella's native utility token, XLM, serves three primary functions: transaction fees, account management, and fueling the Stellar payment system. XLM is commonly used as a bridge to reduce international trade costs. Many organizations worldwide, ranging from small-time startups to large corporations, use Stellar in their projects. It helps them tap into new markets and transfer money globally without hassle. These organizations include MoneyGram, Circle, Securrency, Settle, SatoshiPay, ClickPesa, and more.
How does Stellar work?
The Stellar protocol swiftly transforms any valuable asset into XLM and then seamlessly into the recipient's currency within seconds. Stellar enables the creation of digital representations of money or assets, allowing for free transactions, redemption, receipt, and market trading. A prime illustration is USD Coin (USDC), a stablecoin pegged to the dollar, crafted via the Stellar protocol. The process involves anchors, entities facilitating value transfers between Stellar and the traditional banking system in both directions.
These are secure connections between Stellar and other payment systems. Anchors can offer a variety of financial services to users, such as creating on/off ramps and issuing assets. They keep wallets with XLM and fiat balances to allow for simple currency exchange on Stellar. MoneyGram (International), Settle Network (Mexico, Argentina, and Brazil), Bitso (Mexico), Chronos (Argentina), Cowrie (Nigeria), Tempo (Europe), and Stablecorp (Canada) are some of the well-known anchors on Stellar.
Stellar employs a novel Stellar Consensus Protocol (SCP) invented by the project's Chief Scientist, David Mazieres, in 2015. This consensus mechanism implements the Federated Byzantine Agreement (FBA), which Ripple pioneered. According to SCP, a group of trustworthy nodes responsible for validating transactions and adding new blocks is chosen regularly via a voting mechanism. Anyone can run a node, and each node votes on and contributes to selecting a group of trustworthy nodes for the job. SCP ensures cheaper transactions processed in seconds due to its four fundamental properties: flexible trust, decentralized control, asymptotic security, and low latency.
XLM price and tokenomics
One hundred billion XLM tokens were created at Stellar's launch in July 2014. Two billion were sold and pre-allocated during a private seed round held in May 2014. These were jointly bought by Stellar's founder Jed McCaleb and Stripe CEO Patric Collison for $3 million. The purpose was to provide seed funding for creating the Stellar Development Foundation (SDF).
Between Stellar's launch and a community vote held in October 2019, XLM's supply grew at an annual inflation rate of 1%. The inflationary mechanism was removed after the 2019 vote, and over half of the token's maximum supply was burnt and removed from circulation. From that point onwards, a decision was taken not to create more XLM. The new maximum supply of XLM stood at a little over 50 billion tokens. As of writing, SDF holds almost 60% of the total XLM supply. It will be used for developing and promoting the Stellar network and will gradually enter the circulating supply with time.
About the founders
Jed McCaleb and Joyce Kim founded Stellar. McCaleb founded the Mt. Gox cryptocurrency exchange before his involvement with Stellar. He was also Ripple's co-founder and CTO. Following the formation of Stellar by McCaleb and former lawyer Kim, payments firm Stripe invested $3 million in the company, assisting in the formation of the Stellar Development Foundation (SDF), a non-profit organization through which the company operates to this day. The Stellar user base has grown steadily since its inception, with the network eventually surpassing 7 million accounts by the middle of July 2022.
Stellar highlights
Partnership with MoneyGram
MoneyGram International, a major provider of international payment services, announced a strategic partnership with Stellar in May 2022. The agreement calls for developing a stablecoin-based platform to facilitate global money transfers. Stellar wallet users can transfer USD Coin (USDC) to recipients, who can then convert them into their local fiat currency via MoneyGram's network with this new service.
Partnership with WhiteBIT
In other Stellar-related news, WhiteBIT, one of Europe's largest digital asset exchanges, announced the integration of Stellar USDC into its platform. WhiteBIT has joined a growing list of prominent exchanges accepting Stellar USDC deposits and withdrawals for their European clients.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.9K new posts about Stellar, driven by 1.2K contributors, and total online engagement reached 410K social interactions. The sentiment score for Stellar currently stands at 85%. Compared to all cryptocurrencies, post volume for Stellar currently ranks at 2224. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Stellar.
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Posts
3,855
Contributors
1,184
Interactions
409,848
Sentiment
85%
Volume rank
#2224
X
Posts
3,837
Interactions
408,140
Sentiment
86%
Stellar FAQ
What is Stellar?
Stellar is a Layer 1 payments protocol designed to work with fiat and cryptocurrencies. Stellar allows users to send digital representations of money internationally quickly and affordably. Stellar is a decentralized network that is built using open-source code.
How is Stellar secured?
Stellar uses a novel Stellar Consensus Protocol (SCP) to secure its network. It implements the Federated Byzantine Agreement (FBA) pioneered by Ripple.
What is the XLM price prediction?
While it’s challenging to predict the exact future price of XLM, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Stellar worth today?
Currently, one Stellar is worth $0.23605. For answers and insight into Stellar's price action, you're in the right place. Explore the latest Stellar charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Stellar, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Stellar have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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