XLM's volume just exploded, and it's not one thing @StellarOrg's 24h volume jumped roughly 275% to near $860 million, with stellar:native climbing to $0.185. But pinning it on a single catalyst is tricky. Three landed in one week: the Zipper upgrade (Protocol 27) went live on mainnet, Bitwise added XLM to its flagship index ETF, and Clearstream opened MiCA custody to it. Index inclusion tends to move volume more than an upgrade does.

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