- Stellar has surpassed Ethereum, Arbitrum, and Optimism in transaction volume, driven by increased USDC activity and growth in real-world asset tokenization.
- Despite lagging in active addresses and fees, XLM shows a bullish flag pattern that could signal a potential 135% price surge.
XLM has found itself back in the spotlight as Stellar’s blockchain activity outpaces major networks like Ethereum, Arbitrum, and Optimism. Even with a significant price drop in recent months, key indicators suggest a potential comeback may be brewing for Stellar’s native token.
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Stellar Outshines Ethereum in On-Chain Activity
Recent data shows that Stellar processed over 19.63 million transactions in the past week alone — a 155% jump from the previous week. By comparison, Ethereum handled 9.7 million transactions, while Arbitrum and Optimism processed 12 million and 6.9 million, respectively.
Over the last 30 days, Stellar recorded 74 million transactions, ahead of Ethereum’s 40 million. Arbitrum and Optimism followed at 50.5 million and 28.6 million, respectively. This spike in activity is largely credited to a rising number of USDC transactions flowing through Stellar’s network.
Growth Comes with Limitations
Despite the impressive transaction volume, Stellar still lags behind in other areas. It only registered 263,158 active addresses over the past month and generated $101,000 in fees — a fraction compared to Ethereum’s 6.7 million active addresses and $41 million in fees.
Moreover, larger players like solana and BNB Chain continue to dominate, handling 1.8 billion and 296 million transactions respectively in the last 30 days.
Still, Stellar’s involvement in real-world asset (RWA) tokenization gives it an edge. Backed by Franklin Templeton’s fund, Stellar now ranks as the third-largest RWA platform, boasting over $400 million in assets.
XLM Price Outlook: Bullish Pattern in Formation
Technically, XLM has retreated from its December high of $0.6322 to about $0.27 today, mirroring the broader crypto market’s correction. However, the chart shows a bullish flag pattern, typically a precursor to a strong upward move.
If this setup plays out, XLM could reclaim its $0.6322 high, representing a potential 135% surge from current levels. The key support to watch remains at $0.1942, a level last tested in July.
Stellar’s rising transaction count signals growing adoption, particularly in USDC transfers and tokenized assets. While it trails in user engagement and fee generation, the technical setup hints at a possible price breakout. If bullish momentum continues, XLM may soon challenge its previous highs.
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