Stellar network reaches 11.1 M daily transactions, XLM nears breakout

The Stellar blockchain processed more than 11.1 million transactions in a 24‑hour period, the highest daily volume recorded in the past week. The surge underscores growing use of Stellar for cross‑border payments and other financial applications, reinforcing its reputation as a scalable settlement layer.

XLM, Stellar’s native token, is trading around $0.1663 with a 24‑hour volume of $111.94 million and a market capitalization of about $5.7 billion. Although the price fell 1.88 % in the last day, analysts note that the token sits near the apex of a descending‑triangle pattern. A breakout above $0.1770 could drive XLM toward resistance between $0.1860 and $0.1910, while a drop below $0.1650 may trigger further declines.