$XLM’s 28% rally to $0.407 today appears to be driven by a wave of bullish on‐chain and ecosystem catalysts: the much‐anticipated Soroban smart-contract mainnet went live, unlocking DeFi and NFT use-cases on Stellar’s ultra-fast, low-fee layer; key partnerships—like expanded USDC minting on Stellar and renewed IBM payments integrations—fueled renewed institutional interest; and a rush of listings (notably on major Asian and U.S. platforms) super-charged liquidity, sending 24-hour volume surging to $2.6 billion while the 31 billion $XLM float tightened as traders and whales scooped up tokens ahead of what many expect to be a new growth cycle.