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- Stellar’s practical use in real-world payments and its efficiency, processing 10x more transactions than Ethereum, sets it apart from speculative projects.
- With low transaction fees, built-in stablecoin features, and a focus on unbanked communities, Stellar’s growth and vision continue to attract confidence in the digital finance space.
After Stellar (XLM) soared 30% amid XRP correlation, revealed in a recent CNF update, it was further discussed whether the rally could continue. Here, we will explore why Stellar (XLM) is described as one of the most underrated cryptocurrencies, citing its practical use in real-world transactions, according to Jed McCaleb, co-founder of Ripple and creator of Stellar.
According to McCaleb’s recent tweet, Stellar processes ten times more daily transactions than Ethereum, showcasing its efficiency and reliability. He also praised the network’s simplicity and features like built-in stablecoin issuance, token creation, and a decentralized exchange, making it a standout in blockchain functionality.
Stellar processes significantly more daily transactions than most networks, including 10x the volume of Ethereum. Its real-world usage for payments sets it apart from other projects that are primarily speculative.
Stellar’s Innovations and Low-Cost Transactions
Furthermore, McCaleb emphasized Stellar’s advancements, including its on-chain governance system and Soroban, a smart contract platform designed for safety and efficiency. He highlighted Stellar’s ultra-low transaction fees, which he described as “basically free,” making it highly competitive for digital payments of most goods.
Stellar’s engineering quality and developer-friendly documentation further contribute to its appeal, facilitating application development and network adoption. As stated by McCaleb:
With near-zero fees, built-in features like stablecoins, a safer smart contract system, and world-class engineering, Stellar is designed to be a powerful foundation for global digital payments and financial infrastructure.
Stellar’s Mission and Market Momentum
Stellar aims to revolutionize financial access by enabling affordable and efficient digital payments, particularly for unbanked communities. McCaleb sees this as the most transformative use of cryptocurrency.
As a take-home message, here are 10 reasons Stellar (XLM) is highly underrated for its strengths: (1) processing 10x Ethereum’s daily transactions, (2) real-world use, (3) near-zero fees, (4) built-in stablecoins, DEX, and governance, (5) safe and efficient smart contracts, (6) developer-friendly tools, (7) top-tier engineering, (8) focus on payments, (9) user-friendly features, and (10) global financial inclusion.
As of today, according to CoinMarketCap data, Stellar (XLM) is trading at $0.5203, with a decrease of 6.33% in the past day and a surge of 140.61% in the past week. The broader market sees this as a reflection of growing confidence in Stellar’s vision and its potential to redefine digital finance.