Dogecoin

Stellar

Zipper

Higher

What to Know 
<ul>
 <li>Stellar’s trading volume surged 303% to $873 million, outperforming Bitcoin, Ethereum, and Dogecoin despite weaker XLM price action.</li>
 <li>Stellar activated Protocol 27, introducing delegated authentication, new credentials, and smart contract improvements while maintaining compatibility with existing applications.</li>
 <li>Rising liquidity reflected stronger trader participation, suggesting renewed market interest as Stellar expanded network functionality through its latest protocol upgrade.</li>
</ul>
&nbsp; 
Stellar’s native token XLM recorded one of the largest trading volume increases in the cryptocurrency market over the past 24 hours, with trading activity <a href="https://coinmarketcap.com/currencies/stellar/" rel="noopener noreferrer nofollow">soaring</a> 303% to $873 million despite a decline in price. The unusual market behavior separated XLM from most leading cryptocurrencies, which experienced weaker participation during the same period. 
Data from CoinMarketCap showed<a href="https://36crypto.com/bitcoin-slips-below-63000-while-xrp-bnb-rise-and-altcoins-post-huge-gains/" rel="noopener noreferrer nofollow"> Bitcoin’s trading</a> volume fell about 20% over the past day. Ethereum also recorded a 15% decline, while Dogecoin posted a nearly 26% drop. Consequently, Stellar emerged as one of the few major digital assets attracting significantly higher trading activity even as its market price moved lower. 
Although no single event has been confirmed as the direct catalyst, Stellar’s latest protocol upgrade likely contributed to renewed interest from traders and developers. Besides increasing network capabilities, the release introduced technical improvements that may have encouraged greater on-chain activity and stronger market liquidity. 
Also Read: <a href="https://36crypto.com/analyst-warns-xrp-will-not-hit-10000-as-he-gives-realistic-price-range/" rel="noopener noreferrer nofollow">Analyst Warns: “XRP Will Not Hit $10,000,” as He Gives Realistic Price Range</a> 
<h2 id="protocol-27-expands-stellar-s-smart-contract-capabilities">Protocol 27 expands Stellar’s smart contract capabilities</h2>
Stellar recently activated the Zipper upgrade, also known as Protocol 27, on its mainnet. The<a href="https://x.com/StellarOrg/status/2074902336393060391" rel="noopener noreferrer nofollow"> release</a> marked the network’s third major protocol upgrade of 2026 and delivered several improvements aimed at developers building decentralized applications. One of the most important additions enables custom smart contract accounts to delegate authentication responsibilities to other blockchain addresses. As a result, developers gain greater flexibility when designing applications without compromising security requirements. 
Additionally, the upgrade introduced new host functions together with a new credential format for delegated authentication. Existing contracts remain compatible with the updated protocol, allowing developers to adopt the <a href="https://36crypto.com/stellar-leads-crypto-market-rally-as-tokenization-growth-fuels-xlm-surge/" rel="noopener noreferrer nofollow">new features</a> without disrupting current applications. Another enhancement allows delegated signers and their signatures to be grouped into a single authorization entry. Consequently, transactions require fewer authorization records, reducing transaction sizes while simplifying transaction execution and network simulations. 
Moreover, Protocol 27 introduced address-bound Soroban credentials that rely on the same authentication framework. This addition expands smart contract functionality while preserving compatibility with existing credential types across the network. 
<h2 id="higher-liquidity-sets-xlm-apart-from-the-broader-market">Higher liquidity sets XLM apart from the broader market</h2>
The surge in trading volume highlighted stronger participation across<a href="https://36crypto.com/stellars-first-2026-golden-cross-nears-as-xlm-bulls-target-major-breakout/" rel="noopener noreferrer nofollow"> XLM</a> markets despite broader weakness among major cryptocurrencies. Higher liquidity generally enables traders to execute larger transactions with reduced price slippage, creating more efficient market conditions. 
Furthermore, increased trading activity often reflects growing interest from both retail and institutional participants, particularly when network developments coincide with elevated exchange volumes. While XLM’s price remained under pressure, the substantial rise in volume suggested that market participants continued repositioning around the asset following the latest protocol improvements. 
Stellar’s 303% jump in trading volume made XLM one of the market’s standout performers by activity despite weaker price action. As Protocol 27 rolls out across the ecosystem, the combination of improved network functionality and stronger liquidity could keep Stellar in focus among developers and traders monitoring blockchain infrastructure upgrades. 
Also Read: <a href="https://36crypto.com/swift-launches-blockchain-ledger-with-17-global-banks-for-tokenized-cross-border-payments/" rel="noopener noreferrer nofollow">Swift Launches Blockchain Ledger With 17 Global Banks for Tokenized Cross-Border Payments</a> 
The post <a href="https://36crypto.com/stellar-trading-volume-jumps-303-as-xlm-protocol-27-upgrade-drives-activity/" rel="noopener noreferrer nofollow">Stellar Trading Volume Jumps 303% as XLM Protocol 27 Upgrade Drives Activity</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Stellar Trading Volume Jumps 303% as XLM Protocol 27 Upgrade Drives Activity

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