Is Stellar Lumens a mainstream currency or a secondary currency?

Stellar Lumens is currently classified as a secondary currency because it has the following characteristics of a secondary currency: medium market capitalization and trading volume, limited acceptance, fewer listed exchanges, and low visibility and adoption. However, with its development and promotion, it is possible to gain greater acceptance and become a mainstream currency in the future.

# Stellar Lumens: Mainstream currency or secondary currency?

Stellar Lumens (XLM) is a blockchain cryptocurrency based on the Stellar network. It is still controversial whether it is a mainstream currency or a secondary currency.

Characteristics of mainstream coins:

• High market cap and trading volume
• Widely accepted and used
• Listed on multiple exchanges
• Have broad visibility and adoption

Characteristics of secondary currency:

• Low market capitalization and trading volume
• Limited scope of use and acceptance
• May only be listed on a few exchanges
• Low visibility and adoption

Stellar Lumens Evaluation:

• Market Cap and Trading Volume: Stellar’s ​​market cap is approximately $6 billion, with an average daily trading volume of $1 billion. This makes it a top 20 cryptocurrency, but still puny compared to mainstream coins like Bitcoin and Ethereum.
• Acceptance: Stellar Lumens has been adopted by several major payment platforms and financial institutions, but its acceptance has not yet reached the level of mainstream currencies.
• Exchange Listing: Stellar Lumens is listed on several exchanges including Binance, Coinbase, and Kraken, making it easily accessible.
• Popularity and Adoption: Stellar is well-known in the cryptocurrency community, but its popularity and adoption still lag behind mainstream coins.

Based on these factors, it is currently more appropriate to classify Stellar Lumens as a secondary currency. However, as it continues to develop and promote, it is possible to gain greater acceptance in the mass market and eventually become a mainstream currency.

The above is the detailed content of Is Stellar Lumens a mainstream currency or a secondary currency?. For more information, please follow other related articles on the PHP Chinese website!