{
  "url": "https://blockindex.ai/coin/xlm",
  "name": "Stellar",
  "links": {
    "github": "https://github.com/stellar",
    "website": "https://stellar.org/",
    "whitepaper": null
  },
  "dScore": 41,
  "market": {
    "priceUsd": 0.22061754696406946,
    "marketCapUsd": 7458190906.504337,
    "volume24hUsd": 719050529.9213452,
    "priceChange7dPct": 14.8738854,
    "priceChange24hPct": -4.18992358
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 50001806812,
    "circulating": 33805973319.60637,
    "circulatingPct": 67.60950348596849
  },
  "ticker": "XLM",
  "founder": "Jed McCaleb, David Mazières, Joyce Kim",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:18.826256+00:00",
  "fairLaunch": false,
  "launchYear": 2014,
  "description": "Stellar (XLM) is a payments-focused Layer-1 blockchain and native asset intended to connect financial institutions, anchors and end users with fast, low-cost cross-border settlement and native asset issuance. Founded in July 2014 by Jed McCaleb, David Mazières and Joyce Kim, the project was stewarded from inception by the non-profit Stellar Development Foundation (SDF). Stellar’s early mission emphasized pragmatic rails for fiat on/off-ramps through an Anchor Network and efficient path payments; over time the platform expanded to support institutional tokenization, stablecoin integrations and developer tooling focused on real-world financial use cases. SDF has acted as the primary coordinator of protocol development, ecosystem grants and supply-management actions while the validator community and quorum-slice model provide the operational backbone of the network.\n\nTechnically, Stellar is built around the Stellar Consensus Protocol (SCP), a Federated Byzantine Agreement (FBA)-style consensus designed for fast finality and high throughput without proof-of-work mining. The network supports native asset issuance directly in protocol (no smart-contract wrapper required) and, since 2024, a first-class smart contract environment — Soroban — enabling Rust/WASM contracts and deterministic concurrency patterns suited for finance. Key technical features include on-chain issuer controls (authorization, freeze/clawback for compliance), a built-in decentralized exchange and path payment routing, and a growing set of developer tools including Stellar RPC and the Soroban docs. Engineering priorities in 2025 focused on parallelization of Stellar Core, TPS improvements, ZK/bridge interoperability and maturing Soroban security via audits and partnerships like OpenZeppelin.\n\nIn practice, Stellar’s strongest use cases center around payments, stablecoin issuance and real‑world asset (RWA) tokenization. Institutional integrations such as USDC, EURC and commercial settlement pilots (Wirex dual-stablecoin Visa settlement, PayPal USD integrations) illustrate the platform’s traction for regulated issuers and payment processors. Anchors offer pragmatic fiat on/off-ramps, and the Soroban ecosystem is enabling AMMs, lending and tokenized funds that leverage Stellar’s low fees and fast settlement characteristics. Adoption has included both fintech partnerships and government pilots (Marshall Islands UBI pilot in 2025), and developer engagement has increased with hackathons, audit programs and tooling investments designed to reduce onboarding friction for teams building financial applications.\n\nTokenomics and governance reflect a foundation-led genesis and active supply management: an initial SDF-controlled allocation was substantially reduced via a significant burn in 2019 to a circa 50 billion XLM max supply, with a circulating supply in the low-30s billion range. The inflation mechanism that once provided a 1% annual increase was deprecated by validator vote in October 2019. Stellar’s governance remains primarily off-chain and validator-driven (SDF coordinates development and funds through the Stellar Community Fund), which has enabled rapid protocol iteration but also invites scrutiny about centralization and supply stewardship. Security posture has been strengthened through audits and bug bounties, and the network’s operational record includes a limited set of incidents (a 2019 ~2-hour outage and a historically discovered inflation bug that was patched). Looking forward, Stellar’s roadmap emphasizes scaling, privacy and enhanced interoperability while maintaining its niche as a payments and tokenization-focused L1 for institutional and consumer-grade financial applications.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "BFT",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 12,
    "governance": 21,
    "nodeDistribution": 3,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Moderately Decentralized"
}