Validators process transactions and receive fees from users (supply-side fees).

Stellar is a distributed ledger for transfer and store of value (a blockchain). Stellar was founded by Jed McCaleb launched in 2014.

XLM holders own and govern the protocol. They currently take all of the total transaction fees paid by users (revenue).

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Stellar

# Stellar Maximum token supply Methodology

## 1. Overview

The Stellar maximum token supply metric represents the theoretical maximum number of lumens (XLM) that can ever exist on the Stellar network. This is a protocol-level constant defined at the network's genesis, not a calculated value derived from blockchain activity. The metric answers the fundamental question of what the absolute supply ceiling is for Stellar's native token, providing essential context for understanding tokenomics and scarcity dynamics.

## 2. Data sources

The calculation relies on protocol-level specifications rather than blockchain transaction data:
- **Protocol specification**: Stellar network's foundational design documents defining the maximum token supply
- **Network genesis configuration**: The original network parameters established when Stellar launched
- **Official protocol documentation**: Stellar Foundation's technical documentation confirming the maximum supply limit

## 3. Step-by-step calculation

### Component A: Protocol constant definition
- **Purpose**: Establishes the maximum token supply as defined by Stellar's protocol design
- **Logic**: The maximum supply is set as a hardcoded constant of 50,001,806,812 tokens, representing the theoretical upper limit of lumens that can exist on the network. This value is paired with the network launch timestamp of July 31, 2014 to establish the baseline date from which this maximum applies
- **Key fields**: The core fields are `timestamp` (network launch date), `timestamp_grain` (daily intervals), and `token_supply_maximum` (the 50+ billion token ceiling)

### Final aggregation
- **Combining components**: No combination of multiple data sources is required since this is a single protocol-defined constant
- **Currency conversion**: Not applicable as this represents token quantity, not monetary value
- **Time aggregation**: The metric uses daily granularity and applies a fill-forward strategy to propagate the same maximum supply value across all time periods from the launch date onward
- **Final calculation**: The final metric value is exactly 50,001,806,812 tokens for all dates, representing Stellar's immutable maximum token supply as defined by the protocol's original specifications

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

StellarXLM

Maximum token supply

Maximum token supply

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