XLM Bull Run Gains Steam as Stellar DeFi Expansion Fuels Momentum

XLM, the native cryptocurrency of the Stellar network, is experiencing renewed bullish momentum as buyers regain control.

The Stellar DeFi ecosystem has been expanding through RedStone's support for Ondo Finance's USDY token, which provides standardized access to pricing data and strengthens USDY's utility across decentralized financial applications.

XLM is currently trading at $0.1648 with a 24-hour trading volume of $62.92 million and a market capitalization of $5.67 billion, following a 2.35% gain over the last 24 hours.

Celal Kucuker's analysis suggests that XLM is showing a potentially bullish chart structure, prompting traders to watch for a move toward the psychologically important $1 level.