The crypto market may feel sluggish, yet Stellar (XLM) is showing clear signs of momentum. September could become a turning point, with several developments lining up that may influence the Stellar price in the weeks ahead.
From major network upgrades to government adoption, this month is shaping up to be one of the most significant for Stellar. Scopuly – Stellar Wallet highlights 5 key drivers to watch for XLM in September.
What you'll learn 👉
Continuous User Growth
One of the strongest signals comes from user growth. According to Scopuly, accounts on the Stellar network jumped from 8.6M to 9.7M in a short period. That is more than 1M new accounts added to the ecosystem.
For any blockchain, expanding its user base directly boosts demand for its native token. It is much like a social platform suddenly gaining millions of new users increased activity creates greater overall value. This surge could play an important role in shaping the XLM price trend this September.
Stellar Payments Activity Hits a 2-Year High
The analyst noted that Stellar was designed for fast and affordable payments, and it is living up to that promise. Nearly 265M payments were processed between July and August, marking the highest activity level in 2 years. That level of throughput is not just numbers on a screen.
It reflects genuine real-world utility, as more businesses and individuals rely on Stellar for actual transactions. When a network handles that much activity, it strengthens confidence in its long-term role in digital finance and adds weight to projections for the Stellar price.
Protocol 23 Unlocks Faster, Cheaper, and Smarter Transactions
A major development that could influence the Stellar price this month is the rollout of Protocol 23, also called “Whisk.” Scopuly noted this as one of Stellar’s biggest leaps since the arrival of smart contracts.
The upgrade enables parallel processing, meaning transactions are handled simultaneously rather than one by one. It also reduces fees and introduces better tools for developers. Think of it like upgrading a city’s road system from single-lane streets to a multilane expressway suddenly traffic flows faster, smoother, and more people want to build there. That efficiency may attract more developers and projects to Stellar.
🚀 5 Big Drivers for Stellar $XLM This September! 🚀
— Scopuly – Stellar Wallet (@scopuly) September 5, 2025
🔥 $XLM is up nearly +300% YoY — crushing BTC (+95.8%) & ETH (+84.7%)! Despite a small dip last month, momentum is building fast. Here’s why September could be huge:
🔑 Key Growth Drivers:
1️⃣ User Growth → Accounts jumped… pic.twitter.com/UM8ELflVcR
ETF Approval Could Bring Institutional Capital
XLM was shortlisted by the U.S. Securities and Exchange Commission (SEC) for potential fast-track ETF approval, alongside names like Solana, Cardano, and Chainlink. If an ETF tied to XLM launches, it would give institutional investors and everyday traders easier access to Stellar.
This could open the door to significant inflows of capital. Scopuly notes that such a step would not just add visibility to Stellar but also cement its place among the leading digital assets being taken seriously by regulators. The possibility of ETF approval has already become a major discussion point for the XLM price outlook.
U.S. Government Adoption Signals Strong Validation
Another powerful driver comes from government recognition. The U.S. Department of Commerce recently began posting GDP data on the Stellar blockchain. This is a first-of-its-kind move and acts as strong validation of Stellar’s security and reliability.
When a government uses a blockchain for economic data, it shows trust in the technology. This kind of support can shape how investors, institutions, and developers see Stellar. It also adds weight to expectations for the Stellar price.
Stellar is not just growing in numbers but also expanding in relevance. From user adoption and payment growth to Protocol 23, ETF potential, and government usage, multiple forces are converging this September.
Read Also: Hedera Chosen to Power First U.S. State-Issued Stable Token
Scopuly’s analysis paints a picture of a network that is not standing still but accelerating. The big question is how these developments will play out in the market. Could this be the month when the XLM price breaks past its recent range and surprises traders? September is shaping up to give that answer.
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