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XLM Outpaces XRP Again as Stellar Surges Nearly 100% Following DTCC Partnership
On June 1, XLM climbed above the $0.27 level, posting a brief 14% daily gain before a broader market sell-off reduced its advance to 5%.
Alongside Hyperliquid and TRON, XLM was among the few top-20 digital assets to record gains on a day when the overall cryptocurrency market declined by 1.4%.
XLM Defies the Market Sell-Off
On June 1, XLM broke above $0.27, showing signs that the momentum which pushed the asset to a yearly high on May 30 remains intact.
Market data shows that XLM rallied from just under $0.243 to $0.271637 on Sunday evening before retreating to slightly below $0.26. Just before 3:00 a.m. Eastern Time, the asset reclaimed the $0.27 level, briefly pushing its 24-hour gain to 14%.
Although the broader market sell-off reduced XLM's daily gain to 5% by 5:10 a.m. ET, the token remained one of the few large-cap altcoins posting positive performance.
Other top gainers included:
- HYPE: +6.5%;
- TRX: +1.1%.
These were the only other top-20 CoinGecko assets to record gains while the overall cryptocurrency market fell by 1.4%.
DTCC Partnership Becomes a Major Catalyst
Since the announcement of Stellar's partnership with DTCC, XLM has nearly doubled in value, pushing its market capitalization to approximately $8.5 billion.
The latest price movement triggered the liquidation of nearly $4.6 million in short positions and approximately $3.76 million in long positions.
Under the partnership, DTCC, one of the world's leading post-trade infrastructure providers for financial markets, will tokenize custody-held assets using the Stellar blockchain.
The collaboration is widely viewed as a major win for Stellar, which until recently appeared to be losing ground in the rapidly growing real-world asset (RWA) tokenization sector.
New Integrations Expand Real-World Utility
Beyond the DTCC partnership, Stellar's ecosystem has benefited from the launch of USDC payments through Cash App, giving the network access to approximately 60 million users.
Another significant development is Bermuda's adoption of Stellar for national payment services, which is widely viewed as an important sovereign endorsement of the network.
XRP Continues to Lag Behind
XLM's latest rally comes as XRP finished May with a net loss of 6%.
Since testing the $1.60 level on May 14, XRP has declined by nearly 20%, increasing its year-to-date losses to 29%.
While XLM's recent gains have strengthened its standing among the top 20 cryptocurrencies by market capitalization, XRP's gap behind BNB has continued to widen.
The Battle for Cross-Border Payments Continues
The performance divergence between the two projects has reignited debate over which protocol will ultimately dominate the cross-border payments market.
Some XRP supporters have taken to social media to warn retail investors against making reactionary capital rotations into XLM.
More cautious observers, however, note that Stellar's high-profile DTCC integration does not diminish the extensive institutional infrastructure that Ripple has spent years building and expanding.
See also: "Bitcoin Falls Below $71,000 as U.S.-Iran Talks Collapse"
