Is the XLM explosion imminent in September? Analysis of the 5 key drivers for Stellar's surge.

Stellar (XLM) has accumulated a nearly 300% increase over the past year, far surpassing Bitcoin (BTC) at 95.8% and Ethereum (ETH) at 84.7%. Although XLM's price has pulled back about 12% in the past month, multiple on-chain and fundamental favourable information is brewing, and September may become a key point for a new round of price increase for this asset.

User growth and trading activity reach new highs

According to Stellar Expert data, the number of XLM network accounts increased from 8.6 million to 9.7 million over the past year, indicating a continuous rise in adoption. Between July and August alone, the network processed 264.6 million payment transactions, setting a new high for the past two years. The increase in successful transaction rates and the decrease in failed transactions reflect strong network demand and stable operation, providing support for investor confidence.

Protocol 23 (Whisk) Upgrade Enhances Scalability

On September 3rd, the validators approved the Protocol 23 upgrade, which brings eight core improvement proposals (CAP), including parallel execution, reduced latency and costs, and providing developers with more powerful tools. This upgrade is seen as a key step in enhancing network performance and scalability, helping to address future higher transaction demands and application scenarios.

ETF potential to become a capital catalyst

Galaxy Digital pointed out that XLM has been shortlisted for the U.S. Securities and Exchange Commission (SEC) fast-track listing standards, alongside DOGE, LTC, LINK, SOL, and others as one of the top 10 candidate assets. Currently, the SEC is reviewing 91 ETF applications, and if the XLM ETF is approved, it will significantly enhance liquidity and institutional capital inflow, becoming an important catalyst for price movement.

Entering the $24 billion risk-weighted asset market

According to Scopuly, Stellar has entered the $24 billion risk-weighted assets (RWA) market, indicating that its application potential in the tokenization of real-world assets is rapidly expanding. The approval of ETFs and the implementation of RWA applications will bring double favourable information for XLM.

The U.S. Department of Commerce adopts Stellar to release GDP data

The U.S. Department of Commerce has begun releasing quarterly GDP data on the Stellar blockchain, establishing a transparent, immutable, and publicly verifiable system. This is not only an official endorsement of Stellar technology but also lays the groundwork for attracting more financial institutions and government departments to explore blockchain applications.

Conclusion

From user growth, protocol upgrades, to ETF potential and government adoption, XLM has multiple bullish drivers in September. Although market volatility remains, its fundamentals and on-chain data indicate that Stellar is ready for the next market cycle. Investors should keep an eye on the progress of ETF approvals and the implementation of RWA applications, as these events could serve as important catalysts for price breakthroughs.