Stellar (XLM) rallies to two-year peak after Franklin Templeton adoption
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 18 2024Stellar (XLM) Rally: Stellar's XLM has experienced a significant rally, breaking out of years of stagnation and reaching over $0.24, driven by increased trading volumes and the announcement of Franklin Templeton's shift to its network.
DeFi Growth and Institutional Support: Despite previous setbacks, Stellar is gaining traction in the DeFi space with a reported value locked of $31.66M and potential for further growth through partnerships like that with Franklin Templeton, which aims to tokenize assets across multiple chains.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
