Foreign media reports indicate a significant increase in trading activity for XLM on the South Korean trading platform Upbit recently, with 24-hour trading volume reaching approximately $252 million, surpassing XRP's approximately $125 million. This marks the first time XLM has outperformed XRP in trading volume rankings on the platform, demonstrating a rapid concentration of short-term buying.
Trading interest shifts to XLM
The report, citing market observers, stated that this influx of funds is related to news of an institutional partnership. Previously, DTCC and the Stellar Development Foundation disclosed plans to connect DTCC's tokenization infrastructure to the Stellar blockchain. Following the announcement, South Korean retail traders' interest in XLM rapidly increased.
DTCC is one of the core institutions in the global securities clearing and custody system, handling and storing a massive volume of securities transactions. Therefore, any collaboration with its related on-chain infrastructure typically attracts rapid attention from both institutional and retail investors.
The price increased by approximately 57% in one week.
According to CoinCodex data cited in the article, XLM has risen by approximately 57% over the past week, reaching a price of around $0.23. The article argues that this price movement exhibits clear characteristics of "news-driven gains," meaning that funds rapidly flowed in around positive news, driving a short-term surge in trading volume.
- XLM's 24-hour trading volume on Upbit was approximately $252 million.
- XRP's trading volume during the same period was approximately US$125 million.
- XLM has risen by approximately 57% in the past week.
The two networks have different functions
However, the article argues that simply interpreting this volatility as a head-on confrontation between XLM and XRP fails to fully explain the current market changes. The report notes that Stellar is more often placed within the narrative of tokenized assets and securities infrastructure, while XRP remains primarily focused on cross-border payments and liquidity networks.
Based on this assessment, the two networks are more likely to serve different segments of the financial system, rather than competing for the same market. The article also cites researchers who suggest that Ripple and Stellar may coexist in different but complementary financial scenarios, much like Visa and Mastercard.
