Stellar’s native token XLM posted a 14% gain in the latest CoinDesk 20 performance update, making it the standout performer in the index while most of its peers treaded water or slid backward.
The rally didn’t come out of nowhere. On May 27, the Depository Trust & Clearing Corporation, the backbone of US securities settlement, announced it would integrate the Stellar network into its tokenized securities platform. Stellar becomes the first public blockchain in DTCC’s multi-chain tokenization strategy.
The numbers behind the move
During a late May CoinDesk 20 update, XLM gained 10.5% while the overall index dropped 3.1%.
Trading volume surged approximately 850% at its peak, pushing close to $900 million. Open interest climbed roughly 10.9%, and multiple short squeezes added fuel to the rally. Traders who had bet against XLM got caught on the wrong side, and their forced buying amplified the upward pressure.
