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XLM Hits 37% Surge in Weekly Active Addresses, Reaching 243,000
With weekly active addresses rising by 37% to 243,000, XLM has demonstrated impressive growth in its on-chain activity. Alongside this increase, weekly transactions have increased by a noteworthy 37.3%, reaching an impressive 38. 96 million. Even in the face of wider market volatility, these metrics demonstrate the increasing usefulness and engagement within the Stellar ecosystem. As seen by the market, XLM is currently trading at $0.4061, up 3.78% over the previous day. Following recent price corrections, the token has successfully recovered from its 50 EMA support level, which is located around $0.39. It must, however, overcome resistance at $0.44 in order to have a more robust recovery.
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