Guavy Logo
Back
Guavy AI Editorial Team••Sentiment: 3.7•Clout: 65

Stellar Surges Past XRP, Overtakes DEX Volumes Amid Golden Cross

XRPXLM

XLM's price surge has continued unabated, with the token outperforming all top 15 largest cryptos by rising 6.91% to $0.24.

The recent rally has also led to a significant increase in trading volumes, up 70% to $750 million, according to CoinMarketCap data.

In a notable development, Stellar (XLM) has overtaken the XRP Ledger in decentralized exchange (DEX) volumes for the second time this week, with DEX volumes on the Stellar blockchain reaching $5.48 million on June 17, higher than the $4.26 million volumes on the XRP Ledger.

The rise in DeFi TVL on the Stellar blockchain has also reached an all-time high of $253 million, with 1.21 billion XLM tokens being locked up in various DeFi protocols that run on the blockchain.