XLM (Stellar) fell 5.89% in the last 24 hours.

Gate News Bot news, on November 4th, according to CoinMarketCap data, as of the time of publication, XLM (Stellar) is currently priced at $0.27, down 5.89% in the last 24 hours, with a high of $0.32 and a low of $0.27. The current market capitalization is approximately $8.782 billion, a decrease of about $550 million compared to yesterday.

Stellar is an open, permissionless blockchain with a 10-year track record of powering real-world financial applications. Stellar provides cross-border payments, asset tokenization, and DeFi solutions for builders, institutions, and innovators around the globe. The network supports cash-to-cryptocurrency payments in over 90 countries, with a total locked value of 119 million USD. Stellar offers fast transaction speeds and low costs, with an average transaction fee of only 0.0009245 USD and a settlement time of about 9.5 seconds.

Important news about XLM recently:

1️⃣ A major upgrade of the Stellar network is imminent.

The Stellar network has completed the testnet upgrade to Protocol 24, with the mainnet upgrade vote scheduled for October 22, 2025, at 17:00 UTC. This is a key technological update for the Stellar network aimed at enhancing network performance and functionality. If the vote passes, the new version will take effect on the mainnet immediately, and it is expected to have a positive impact on the network performance and user experience of XLM.

2️⃣ Infrastructure updates are urgent.

The Stellar official is actively urging all users operating Stellar infrastructure to install the new version as soon as possible to ensure system compatibility. This involves key components such as Stellar Core, Horizon, RPC, and Galexie. Timely infrastructure updates are crucial for ensuring the stable operation of the network after an upgrade, directly relating to the overall network health and performance of XLM.

3️⃣ Market reaction continues to be observed

The upcoming network upgrade may become an important factor in the volatility of the XLM price. 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 enhance market confidence, while any issues during the upgrade process may raise market concerns.

From a technical perspective, XLM has recently shown a falling trend, which may partly reflect the market's cautious attitude towards 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 an investment advice, and investors should pay attention to market volatility risks.