Stellar's native token, XLM, surges 3% ahead of major infrastructure upgrade.

Stellar's native token, XLM, is rallying over 3% ahead of a major infrastructure upgrade. The upgrade is expected to improve the platform's performance and scalability, potentially boosting the token's value. Analysts see this as a positive development for Stellar, which has struggled in recent months. The upgrade is set to take place in the coming weeks, with details to be announced by the Stellar Development Foundation.

Stellar Lumens (XLM), the native token of the Stellar payment network, has seen a significant rally, gaining over 3% in value over the past 24 hours. This surge comes ahead of a major infrastructure upgrade, known as Protocol 23, which aims to enhance the network's performance and scalability. The upgrade is expected to boost the token's value and align with the $460 million in tokenized assets already circulating on the network.

The price of XLM climbed from $0.36 to $0.37, breaking through a key resistance level. This move was supported by above-average trading volumes, signaling sustained institutional interest [1]. The asset found support at $0.35 during heightened selling pressure and consolidated in the $0.36 range before pushing through the $0.37 resistance level. The breakout was bolstered by a volume spike of 2.7 million units at 14:00 UTC, suggesting buyers are building a foundation for further upside if volume momentum continues.

Leading South Korean exchanges Bithumb and Upbit have announced that they will pause XLM deposits and withdrawals starting on September 3, 09:00 UTC. This move is part of the preparations for the Protocol 23 upgrade. The upgrade aims to modernize the network's infrastructure and expand interoperability, potentially broadening Stellar's utility for real-world assets [1].

The upgrade is seen as a significant step towards enterprise adoption, aligning with the network's goal of connecting the world's financial system. The synchronization of price gains with network enhancements highlights a growing narrative of enterprise adoption. Analysts note that the consolidation above $0.36, combined with systematic accumulation around key support levels, points to ongoing institutional positioning that could pave the way for a sustained move beyond $0.37 [1].

References:

[1] https://www.coindesk.com/markets/2025/09/02/stellar-lumens-gains-3-ahead-of-network-infrastructure-overhaul