Stellar (XLM): cotação, gráfico e análise

Stellar launched in 2014 with a narrow, unfashionable goal: move money between currencies quickly and cheaply. It has largely stayed on that task while the rest of the industry moved toward general-purpose computation, and its design reflects that focus.

How it works

Stellar does not use mining or staking. It runs a federated consensus in which each node chooses which other nodes it trusts, and agreement emerges from the overlap between those choices. Transactions settle in a few seconds for a fraction of a cent. The network has a built-in order book, so an asset issued on Stellar can be exchanged for another automatically as part of a payment — the mechanism that lets a transfer start in one currency and arrive in another.

Supply

XLM has a fixed supply established at launch, with no ongoing issuance. Its history includes a notable decision in 2019 to burn a large portion of the tokens the foundation held, roughly halving the total. Inflation was also discontinued, so the supply is now static apart from the tiny fees each transaction destroys.

What to watch

The measure that matters is whether real payment volume is flowing through it, rather than the token’s price. Watch the anchors — the institutions that issue and redeem currency-backed assets on the network — because a payment corridor only works if there is someone to convert into local currency at both ends. Stellar’s addition of smart contracts also matters, though it arrived late relative to competitors.

Where it is used

Stellar is used for remittances, for issuing currency-backed tokens, and by organisations distributing aid or payments at low cost. Several dollar stablecoins circulate on it, and its low fees make small transfers practical in a way they are not on more expensive networks.

The honest caveats: XLM’s value is not obviously tied to payment volume, since fees are negligible by design and the token is not needed in quantity to move money. Stellar’s consensus depends on the trust choices of node operators rather than on economic cost, which is a different security model from proof of work or stake and is less battle-tested against a determined attacker. And it competes directly with both established payment rails and other blockchains for the same corridors.