The Stellar Development Foundation (SDF) has released year-end metrics for its ecosystem and underlying network. Presented by Denelle Dixon, Executive Director and CEO at SDF, the key figures showed a significant increase across the board.
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In 2021, the Stellar Network saw the total number of accounts increase 32% from 2020, according to the SDF report. The total number of accounts is 6 million.
On the other hand, the Stellar Network has handled over 1.8 billion operations in total. This corresponds to an increase of 127% since 2020. The total assets available in this general ledger have increased from 8,639 to 90,297, which corresponds to an increase of 945% in the same period.
The SDF claims that the rise in these metrics indicates a growing interest in the Stellar network. With that in mind, they added the following while showing more data on “relevant assets”:
It’s not just about raw network growth. We track the growth of relevant assets – assets tied to real financial instruments – and relevant asset transactions. Since the beginning of 2021, we’ve seen 11% of relevant assets and a 2.3-fold increase in the daily transaction volume of those assets.
Source: SDF via Twitter
As a result, the stellar ecosystem has expanded. The SDF has over 10 new anchors added to the network this year. This corresponds to an increase of 33% since 2020.
The anchor services for this network are at 30 as shown in the figure below. Most of these companies are located around the world, with significant shares in North America, Latin America, and Africa.
Source: SDF via Twitter
2021 The year of important partnerships for Stellar
In 2021, the SDF saw the deployment of stablecoin USD Coin (USDC) on the Stellar Network. The USDC is managed by the Center Consortium founded by Coinbase and Circle and is one of the most important digital assets for transactions in the crypto space.
This was one of Stellar’s key partnerships this year, the ecosystem being used by MoneyGram and other large companies. In addition, the SDF’s Enterprise Fund has invested over $ 74 million in projects for companies such as AirTM, Tala and Wyre.
The community has been a huge part of this year’s progress for Stellar, the SDF reports. This organization worked with over 50 universities and thousands of students everywhere for hackathons and other activities.
The Stellar Quest initiative welcomed new developers to this ecosystem and generated over 2,700, according to the report. In this context, the Stellar Community Fund was also a great success, providing the XLM token over 4 million US dollars, which could be used for the development of DeFi, NFTs and many other use cases in this network.
The SDF celebrated an “enormous” 2021 and presented its strategic goals for 2022. These include increasing Stellar’s network capacity and innovation, increasing participation and “promoting and promoting diversity and inclusion”.
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At press time, XLM is trading at $ 0.28, up 1.2% over the past 24 hours.
XLM is moving sideways on the 4-hour chart. Source: XLMUSDT Tradingview