XLM (Stellar) rose 0.98% in 24 hours.

Gate News Bot message, on October 28, according to CoinMarketCap data, XLM (Stellar) is currently priced at $0.33, rising by 0.98% within 24 hours, with a highest point of $0.34 and a lowest point of $0.30. The current market capitalization is approximately $10.675 billion, an increase of $104 million from yesterday, ranking 14th in the global Crypto Assets market capitalization.

Stellar is an open-source blockchain network designed for various payment and remittance applications. The network aims to provide developers with the tools to create an experience that feels more like cash than Crypto Assets. Stellar's design enables its ecosystem to have a lasting impact in the real world, with faster network speeds, lower costs, and greater energy efficiency.

Important news about XLM recently:

1️⃣ Stellar network is about to undergo a major upgrade The Stellar network has completed the upgrade of the testnet to protocol version 24, and the mainnet upgrade vote will be held on October 22, 2025, at 17:00 UTC. This upgrade is a significant technical update for the Stellar network, aimed at enhancing network performance and functionality. If the vote passes, the new version will immediately take effect on the mainnet and may have a positive impact on the network performance and user experience of XLM.

2️⃣ Infrastructure Update Call The Stellar official is actively urging all users operating the Stellar infrastructure to install the new version as soon as possible to ensure system compatibility. This includes key components such as Stellar Core, Horizon, RPC, and Galexie. Timely infrastructure updates are crucial for ensuring stable operation after network upgrades and may affect the overall network health and performance of XLM.

3️⃣ Potential Market Reaction The upcoming network upgrade could be an important factor influencing XLM price volatility. Investors and users may closely monitor the upgrade process and results, which could lead to fluctuations in XLM trading volume and price in the short term. A successful upgrade is expected to boost market confidence, while any issues during the upgrade process could raise market concerns.

From a technical perspective, XLM is currently showing a slight pump trend, which may partially reflect the market's positive expectations for the upcoming network upgrade. However, the actual impact of the upgrade remains to be seen, and investors should closely monitor the network's performance and market reaction after the upgrade.

This message is not intended as investment advice; investors should be aware of market volatility risks.