|

XLM price prepares to breakout as Stellar breaks into DeFi through Ethereum bridge

  • XLM price has posted double-digit gains over the past week as the altcoin prepares to break into Ethereum’s DeFi ecosystem. 
  • Stellar announced the launch of Starbridge, a project that allows users to transfer assets between XLM and the Ethereum network. 
  • XLM adoption is on the rise as Stellar-backed Velo Protocol and Philippine Digital Asset Exchange announced a new partnership. 

XLM price prepares for a rally as the project announces the launch of Starbridge, a bridge that connects Stellar to the Ethereum networks. Users will be able to exchange value between the two networks. Starbridge will connect users to DeFi projects and assets on the Ethereum network. 

XLM price posts 15% gains within a week

XLM price rally could continue as the Stellar Lumens network announced the launch of a project to connect investors to the DeFi ecosystem on the Ethereum network. There is a massive spike in the adoption and utility of DeFi tokens on the Ethereum blockchain network; therefore, Stellar’s new project could boost the altcoin’s utility and drive its demand higher. 

Starbridge is a link between the Stellar blockchain and the Ethereum network. A wide variety of financial systems have used Stellar as an anchor; these assets can be redeemed off-network in exchange for fiat currencies. Users would now have the option to transfer value from and to the Ethereum network. 

Starbridge will transfer two types of assets to facilitate bidirectional transactions, local assets and wrapped assets. When a local asset is deposited on the Stellar blockchain, it will be locked up in a contract, with a group of Starbridge operators controlling the account. 

Through multiple operations, the network will ensure decentralization and a unique key provided to each operator. 

The bridge’s design will allow the reversal of transactions that remain incomplete or unsuccessful. The team behind Stellar Lumens revealed that Starbridge is in the early stages of its development and is expected to cement XLM’s role in the global financial system. 

Analysts believe XLM prices could continue to climb in response to the recent developments. Analysts evaluated the daily price chart and predicted a rally to $0.49 as XLM continues its uptrend. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.

XRP slides as US-Iran war weakens sentiment

Ripple remains under pressure, trading around $1.35 at the time of writing on Monday. The remittance token extended its down leg to $1.27 on Saturday after the US, in collaboration with Israel, launched attacks on Iran, killing the nation’s Supreme Leader, Ali Khamenei.

Crypto Today: Bitcoin pares losses, Ethereum and XRP drift lower as Middle East conflict pressures risk assets

Bitcoin, Ethereum and Ripple remain on edge as the Israel-US war on Iran risk-off sentiment. The Crypto King trades above $66,000 at the time of writing on Monday, but is struggling to break through the seller congestion around $67,000.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.