Stellar Lumens (XLM) experienced a significant surge in price and popularity, reaching its highest level since Monday. The rally of Stellar, as well as Ripple (XRP), can be attributed to the booming demand for their DeFi ecosystems. Stellar's blockchain network has become the second-largest, processing 103 million payment transactions with its low fees and fast processing speed. In the DeFi industry, Stellar has reached a record-high total value locked of $60.6 million. Additionally, its futures open interest has surged to $371 million, nearing its weekly high. While the price surge suggests bullish momentum, there is a risk of a potential reversal due to overbuying. However, if Stellar surpasses key resistance levels and Bitcoin continues its strong uptrend, further gains are possible, potentially reaching its all-time high of $0.7960 and even doubling to $1.



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