XLM Surges 3.7% in Broader Crypto Rally Driven by Stellar Upgrades

XLM's price has surged by 3.7% in the last 24 hours, riding the wave of a broad crypto market rally.

The total crypto market cap has increased by about 2.3%, rising from around $2.86 trillion to $2.92 trillion. Bitcoin dominance remains steady at nearly 59%, indicating a risk-on environment that benefits multiple cryptocurrencies.

XLM, along with other large altcoins like DOGE, ADA, BCH, and LINK, has participated in this broad altcoin rally. Its 24-hour volume of about $480.3 million is almost 92.7% higher than the previous day, suggesting it's catching a strong, liquid market-wide swing.

The Protocol 28 upgrade on Stellar's mainnet, which added tooling for coordinated smart contract migrations and improved consensus handling, has strengthened the XLM narrative. The network now supports approximately $3.3 billion of tokenized real-world assets, making it the third-largest chain by RWA market cap.