What It Is XLM
XLM is the native token of the Stellar network, launched in 2014 by Jed McCaleb. It is designed for fast, low-cost cross-border payments and asset transfers.
Key Features
Fast & Cheap: Transactions settle in seconds with very low fees. Cross-Border Focus: Built to connect banks, payment systems, and individuals globally. Built-in DEX: Allows on-chain currency and asset exchange.
Smart Contracts (Soroban): Expanding into DeFi and tokenization.
Strengths
Real-world payment use case.Energy-efficient consensus model. Partnerships and stablecoin activity on the network
Risks
High market volatility
Strong competition (e.g., XRP and other payment chains)
Adoption growth uncertainty