Stellar processes 1.8 billion transactions, was 2021 the most effective yr ever? – NewsBTC

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.

Related reading | How Stellar will host Ukraine’s CBDC pilot test with Tascombank

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.

Stellar XLM XLMUSDTSource: 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”.

Related reading | Stellar supports VISA’s new partnership, XLM begins breakout

At press time, XLM is trading at $ 0.28, up 1.2% over the past 24 hours.

Stellar XLM XLMUSDTXLM is moving sideways on the 4-hour chart. Source: XLMUSDT Tradingview


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

That altcoin has shot up 1,300%: is it nonetheless a purchase?  – coloured idiot Stellar

That altcoin has shot up 1,300%: is it nonetheless a purchase? – coloured idiot

Image source: Getty Images Investors were looking for low-cost blockchains for NFT transactions and...

By wpadminsonic164
2 Crypto Mining Shares Wall Road Forecasts Will Double – Entrepreneurs Stellar

2 Crypto Mining Shares Wall Road Forecasts Will Double – Entrepreneurs

Cryptocurrencies have been gaining traction since last year due to their outstanding performance, and...

By wpadminsonic164
PM Modi releases Rs 125 commemorative coin in honor of ISKCON founder on Twittersmash Stellar

PM Modi releases Rs 125 commemorative coin in honor of ISKCON founder on Twittersmash

PM Modi releases commemorative coin commemorating the 125th birthday of Srila Bhaktivedanta Swami Prabhupada....

By wpadminsonic164
Coinbase: Crypto Is Right here To Keep – Searching for Alpha Stellar

Coinbase: Crypto Is Right here To Keep – Searching for Alpha

Leon Neal/Getty Images NewsFounded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase (COIN)...

By wpadminsonic164
Coinbase Companions with Mastercard to Make Shopping for NFTs Simpler – TechSpot Stellar

Coinbase Companions with Mastercard to Make Shopping for NFTs Simpler – TechSpot

The big picture: Buying an NFT today is often a multi-step process that involves...

By wpadminsonic164
Cryptocurrency purchase indicators for Dogecoin (DOGE), Decentraland (MANA) and Stellar (XLMUSD) – trade charges UK Stellar

Cryptocurrency purchase indicators for Dogecoin (DOGE), Decentraland (MANA) and Stellar (XLMUSD) – trade charges UK

Dogecoin (DOGE), Decentraland (MANA) and Stellar (XLMUSD) buy signals Dogecoin (DOGEUSD) Daily Ichimoku Chart...

By wpadminsonic164
United States 1864 Two Cent Coin – CoinWeek Stellar

United States 1864 Two Cent Coin – CoinWeek

Large Date two cent piece.With the passage of the Coinage Act of 1864the United...

By wpadminsonic164
Stellar

Crypto abstract: Myanmar takes over Tether, TRON founder resigns, Rarible integrates into Tezos

A lot has happened on the crypto market in the past week, although the...

By wpadminsonic164

Latest Posts

#BITCOIN NEXT BIG MOVE COMING | TOP 5 #ALTCOINS WITH BIG EVENTS | BAG ALTCOINS NOW Videos

#BITCOIN NEXT BIG MOVE COMING | TOP 5 #ALTCOINS WITH BIG EVENTS | BAG ALTCOINS NOW

BITCOIN NEXT BIG MOVE COMING | TOP 5 ALTCOINS WITH BIG EVENTS | BAG...

By wpadminsonic164
StarSharks, the Binance-sponsored Shark Metaverse, is launching its first turn-based card sport, StarSharks.Warriors – The Every day Hodl Binance

StarSharks, the Binance-sponsored Shark Metaverse, is launching its first turn-based card sport, StarSharks.Warriors – The Every day Hodl

Jan 5, 2022 - Singapore, Singapore Star sharks - an NFT GameFi ecosystem based...

By wpadminsonic164
That altcoin has shot up 1,300%: is it nonetheless a purchase?  – coloured idiot Stellar

That altcoin has shot up 1,300%: is it nonetheless a purchase? – coloured idiot

Image source: Getty Images Investors were looking for low-cost blockchains for NFT transactions and...

By wpadminsonic164
Binance Tightening Buyer Verification Course of Amid Striving for Regulatory Compliance – The Every day Hodl Binance

Binance Tightening Buyer Verification Course of Amid Striving for Regulatory Compliance – The Every day Hodl

The global cryptocurrency exchange Binance is rolling out immediate verification requirements for all of...

By wpadminsonic164
WARNING! Bitcoin Will Have BAD NEWS! Tomorrow It BEGINS!! Videos

WARNING! Bitcoin Will Have BAD NEWS! Tomorrow It BEGINS!!

WARNING! Bitcoin could have some really BAD NEWS by tomorrow!! Why?? Well six of...

By wpadminsonic164
Bitcoin Assaults The Final Ponzi Scheme Bitcoin

Bitcoin Assaults The Final Ponzi Scheme

Bitcoin Attacks The Ultimate Ponzi SchemeWho Is Running The Ultimate Ponzi Scheme, And How...

By wpadminsonic164
NBA gamers Klay Thompson and Andre Iguodala are paid with Bitcoin Bitcoin

NBA gamers Klay Thompson and Andre Iguodala are paid with Bitcoin

NBA players Klay Thompson and Andre Iguodala will take part of their next salary...

By wpadminsonic164
Dogecoin, Bitcoin, Shiba Inu, Safemoon & Binance Coin – 5 Issues About These Cryptocurrencies You Might Not Know – Analytics Perception Binance

Dogecoin, Bitcoin, Shiba Inu, Safemoon & Binance Coin – 5 Issues About These Cryptocurrencies You Might Not Know – Analytics Perception

Dogecoin, Bitcoin, Shiba Inu, Safemoon & Binance Coin - 5 Things About These Cryptocurrencies...

By wpadminsonic164