On 25 October 2026 XLM traded at about $0.169, according to CoinGecko. That is 24% lower than a month earlier and 47% lower than a year earlier. No reliable method can predict where XLM will trade in 2030, and published forecasts disagree widely. Supply data does let you test any target. At today's circulating supply, $1 per XLM means a market cap of about $35 billion, roughly 5.9 times the current $6.0 billion. The network itself is busier than the price suggests. Holders should watch the Bell upgrade vote on 23 November 2026 and DTCC's plan to bring tokenized securities to Stellar in the first half of 2027.
Where XLM stands on 25 October 2026
CoinGecko data, updated 25 October 2026:
| Metric | Value |
|---|---|
| Price | ~$0.169 |
| Market cap | ~$5.96 billion (rank 19) |
| 30-day change | -24.1% |
| 1-year change | -47.3% |
| All-time high | $0.8756 (2 January 2018) |
| Distance from all-time high | -80.7% |
| All-time low | $0.000476 (4 March 2015) |
Supply: the number most forecasts skip
The Stellar Development Foundation (SDF) publishes live supply figures. The 25 October 2026 reading:
- Total supply: 50.00 billion XLM
- Circulating supply: 35.23 billion XLM
- SDF mandate holdings: 14.50 billion XLM
- Burned: 55.44 billion XLM
Circulating supply keeps growing as the SDF distributes from its mandate. Stellar's developer documentation recorded 34.17 billion circulating on 21 July 2026. By 25 October the figure was 35.23 billion, about 1.06 billion more in roughly three months. That ongoing supply is one reason price targets based on today's circulating supply are too optimistic.
Two past changes still shape the supply. On 28 October 2019, validators voted to end the network's roughly 1% annual inflation. On 4 November 2019, the SDF sent 55,442,095,285.7418 lumens to a locked address with no signers, which removed them from supply for good. The SDF said at the time that it would not burn any more lumens.
The newest developments
Bell (Protocol 30): mainnet vote on 23 November 2026
The SDF has scheduled a testnet upgrade vote for 3 November 2026 and a mainnet vote for 23 November 2026, both at 17:00 UTC. Stellar Core v30.0.0 was due on 16 October. Bell contains three changes:
- Muxed contract addresses (CAP-84). One smart contract can serve many customers under a single contract. Each customer gets a 64-bit ID in a new address format that starts with W.
- Post-quantum signature verification (CAP-87). Smart contracts can verify ML-DSA signatures, so contract accounts can opt into quantum-safe authorization. The SDF states that "network transaction signatures remain Ed25519." Bell does not make the network as a whole post-quantum.
- Millisecond ledger timing (CAP-88). Ledger time moves from whole seconds to milliseconds. This prepares for faster ledgers later. The SDF says Bell alone does not bring block times below 5 seconds.
Wallets, exchanges and token issuers need to support the new W address format.
First regulated repo on Stellar (reported 23 October 2026)
U.Today reports that Ascend Markets and M1X Global completed what they call the first regulated repo transaction on Stellar. The trade ran from 16 to 19 October 2026. The collateral was USDM1, a bond backed 1:1 by U.S. Treasury bills, and it was exchanged against USDC. According to U.Today, the terms were:
- a rate of SOFR + 10 basis points (3.98% a year)
- a 2% haircut
- 72 hourly rollovers run by smart contracts
- total network fees under one U.S. cent
M1X Global's own launch release from March 2026 says the SDF provided grant funding to the company.
DTCC: tokenized securities on Stellar, expected in the first half of 2027
On 27 May 2026, DTCC announced that DTC's tokenization service will connect to Stellar. DTCC and the SDF "expect DTC-tokenized assets to be available on the Stellar network in the first half of 2027." The legal basis is a December 2025 SEC no-action letter that lets DTC tokenize assets it holds in custody. The release does not say which assets will go on Stellar. It names candidates to evaluate: Russell 1000 constituents, ETFs that track major indices, and U.S. Treasury bills, bonds and notes.
Tokenized real-world assets
On 25 October 2026, RWA.xyz showed $3.75 billion in distributed real-world asset value on Stellar, 10.85% more than 30 days earlier. The largest platforms by value were Spiko (about $2.0 billion), Ondo ($538 million) and Franklin Templeton Benji Investments ($526 million).
Mainnet upgrade earlier this year: Yardstick (Protocol 26)
Yardstick went live on mainnet on 6 May 2026 after a validator vote. It added several features:
- governed freezing of ledger keys for incident response (CAP-77)
- limited TTL extensions (CAP-78)
- muxed address conversions (CAP-79)
- BN254 zero-knowledge host functions (CAP-80)
- checked 256-bit integer arithmetic (CAP-82)
- the ability for the Stellar Asset Contract to create G-account balances (CAP-73)
Grayscale's XLM trust is not an ETF
Grayscale Stellar Lumens Trust (GXLM) files with the SEC as a trust. Its 8-K dated 15 October 2026 reports a private placement of 73,400 shares and shows no exchange listing.
Price prediction 2026–2030: what one model says
CoinCodex's algorithmic model was updated on 25 October 2026. It projects about $0.1998 by the end of 2026 and $0.3969 by 2030. It also lists a December 2027 monthly average of $0.2485. The model is built from XLM's price history, its volatility and Bitcoin halving cycles. It does not use adoption data. Treat it as one statistical extrapolation, not a consensus.
Other price-prediction sites publish 2030 targets ranging from under $0.50 to several dollars. They change often and seldom explain their assumptions. The market-cap math below tests any of them.
What would your XLM target need?
Enter a target XLM price and a circulating supply to see how many times larger than today's $5.96 billion XLM's market cap would have to be.
| Your target price per XLM | Circulating supply at that time | Today's market cap to compare against | Market cap needed, as a multiple of today |
|---|---|---|---|
| 1 $ | 35.23 billion XLM | 5.96 billion $ | 5.91 x |
| 0.5 $ | 35.23 billion XLM | 5.96 billion $ | 2.96 x |
| 1 $ | 50 billion XLM | 5.96 billion $ | 8.39 x |
| 0.25 $ | 35.23 billion XLM | 5.96 billion $ | 1.48 x |
- Price equals market cap divided by circulating supply, as the article explains; the calculator applies only that formula.
- Supply between 35.23 billion and 50.00 billion shows the effect of SDF mandate tokens moving into circulation.
- The target price is your own input, not a forecast from any source.
This is market-cap arithmetic on your inputs only: it does not say whether any price or market cap is likely, does not model when SDF tokens are released, and is not investment advice.
Can XLM reach $1? The market-cap math
Price equals market cap divided by circulating supply. The table uses 35.23 billion XLM in circulation and a $5.96 billion market cap (25 October 2026).
| Target price | Market cap needed (circulating) | Multiple of today | Market cap at the full 50.0B supply |
|---|---|---|---|
| $0.25 | ~$8.8B | ~1.5x | ~$12.5B |
| $0.50 | ~$17.6B | ~3.0x | ~$25.0B |
| $1.00 | ~$35.2B | ~5.9x | ~$50.0B |
| $2.00 | ~$70.5B | ~11.8x | ~$100B |
The last column matters because the SDF's 14.5 billion XLM keep moving into circulation. A price that would be reached today at $35 billion needs more capital each year as supply grows. XLM's record market cap came in January 2018, during a broad crypto rally, not from Stellar-specific news. A move toward $1 by 2030 would probably need a broad market rally and lasting demand from payments and tokenized assets at the same time.
What would move the price
- Bitcoin and the overall market cycle. XLM's 2018 record came during a market-wide rally.
- Tokenized assets that create demand for XLM. Transaction fees are tiny. The network minimum is 100 stroops (0.00001 XLM) per operation. Each account must hold at least 1 XLM (two base reserves of 0.5 XLM). More tokenized-asset activity does not lead to large XLM purchases on its own.
- Delivery dates. The Bell mainnet vote is on 23 November 2026. DTC-tokenized assets are expected in the first half of 2027.
- SDF distribution. About 14.5 billion XLM remain in the SDF mandate, and released tokens add to circulating supply.
- Regulation and products. A listed spot XLM ETF would be a new source of demand. The closest U.S. product today, GXLM, is a privately placed trust.
FAQ
What is the XLM price prediction for 2026?
CoinCodex's model projects about $0.20 by the end of 2026, against roughly $0.169 on 25 October. It is a single algorithmic forecast based on price history.
What is the XLM price prediction for 2030?
The same model projects about $0.40. Higher targets require XLM's market cap to grow many times over. Use the table above to see the market cap any figure implies.
How much XLM does the Stellar Development Foundation hold?
14.50 billion XLM sat in the SDF mandate on 25 October 2026, according to its supply dashboard. Older articles often cite about 30 billion. That figure dates from the end of 2019 and is out of date.
Is the Bell upgrade "quantum-proof"?
No. Bell lets smart contracts verify ML-DSA signatures. Ordinary network transaction signatures remain Ed25519.
Price and supply figures are from 25 October 2026. Circulating supply rises as the SDF distributes, so the market-cap table shifts over time. Nothing here is investment advice.
