Key Takeaways
- • Lumens (XLM) futures open interest moved from about $94 million to $88 million before recovering to $89.5 million, with a positive funding rate of 0.0011%, according to Pluang.
- • Stellar's Bell protocol upgrade passed a testnet vote on Nov 3, and validators are scheduled to vote on the mainnet upgrade for Nov 23, though that date could change.
- • Bell aims to refine smart contract payment distinctions, add post-quantum signature checks, and shift ledger timing to milliseconds, and it will only activate if validators approve.
- • Wallet providers, exchanges, and node operators will need to update their software to support the upgrade.
Summary
Lumens (XLM) futures open interest recently shifted from roughly $94 million to $88 million before rising slightly to $89.5 million, with a positive funding rate of 0.0011%, according to Pluang. The movement comes ahead of a key governance event for the Stellar network: the Bell protocol upgrade, which passed a testnet vote on Nov 3. Validators will vote on the mainnet deployment, currently scheduled for Nov 23, though the timing could change.
According to the report, Bell is designed to improve how smart contract payments are distinguished, add post-quantum signature verification, and adjust ledger timing to milliseconds. The upgrade will require wallet providers, exchanges, and node operators to update their software, and it will only go live if validators approve it.
As of Nov 9, 2026 at 01:41 WIB, Pluang quoted XLM at Rp2.711, down 0.80% over the prior day. The token's market capitalization stood at Rp96.3 trillion, with 24-hour trading volume of Rp1.29 trillion. Pluang data showed buy orders accounted for 87% of order activity on the platform, with a typical holding period of 85 days.
According to the report, Bell is designed to improve how smart contract payments are distinguished, add post-quantum signature verification, and adjust ledger timing to milliseconds. The upgrade will require wallet providers, exchanges, and node operators to update their software, and it will only go live if validators approve it.
As of Nov 9, 2026 at 01:41 WIB, Pluang quoted XLM at Rp2.711, down 0.80% over the prior day. The token's market capitalization stood at Rp96.3 trillion, with 24-hour trading volume of Rp1.29 trillion. Pluang data showed buy orders accounted for 87% of order activity on the platform, with a typical holding period of 85 days.
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