Stellar XLM Surges After It Expands Usage In DeFi Applications

The world of crypto is unstable and it always changes. A clear example of it is XLM. For example, during the last week, the price for the token was around $0.25, however, today it has reached $0.32 making a 1.5% increase. The market cap of Stellar is $7,452,581,751 which brings the coin on the #26 among other coins. Circulating Supply of the token 23,789,312,695 with the Total Supply of 50,001,802,764.

News Crypto has received a grant from the Polygon project to create a communication protocol between the two networks. In order to build the bridge News Crypto will use its experience with Stellar. After the launch of the bridge Stellar (XLM) и Polygon (MATIC) would become fully compatible. The protocol will support zero-fee instant swaps. Security will be provided by decentralized multi-signature schemes and the Chainlink Proof of Reserve (PoR) module.