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Stellar Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever?

The Stellar Development Foundation (SDF) has printed the end-of-year metrics for his or her ecosystem and the underlying community. Presented by Denelle Dixon, Executive Director, and CEO on the SDF, the metrics confirmed a major enhance throughout the board.

Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank

In 2021, per the report by the SDF, the Stellar Network skilled a 32% rise in its variety of whole accounts with respect to 2020. The variety of whole accounts stands at 6 million.

On the opposite hand, the Stellar Network has processed over 1.8 billion whole operations. This represents a 127% elevated since 2020. The whole property obtainable on this ledger have risen from 8,639 to 90,297 which represents a 945% enhance over the identical interval.

The SDF claims the rise over these metrics suggests there’s a rising curiosity within the Stellar Network. In that sense, they added the next whereas exhibiting extra information on “relevant assets”:

It’s not nearly uncooked community development. We monitor development in related property – property tethered to actual monetary devices – and related asset transactions. Since the beginning of 2021, we’ve seen 11% of related property, and a 2.3x enhance in each day transaction quantity of those property.

Source: SDF through Twitter

As a consequence, the Stellar ecosystem has expanded. The SDF information over 10 new anchors coming into the community throughout this 12 months. This represents a 33% enhance since 2020.

The anchor companies for this community stand at 30, as proven within the picture under. Most of those entities are unfold throughout the globe with a major share in North America, Latin America, and Africa.

Source: SDF through Twitter

2021 The Year Of Important Partnerships For Stellar

In 2021, the SDF noticed the deployment of stablecoin USD Coin (USDC) on the Stellar Network. Managed by the Centre consortium, created by Coinbase and Circle, the USDC is among the most necessary digital property to transact within the crypto house.

This was certainly one of Stellar most necessary partnerships this 12 months, the ecosystem was leveraged by MoneyGram and different main corporations. In addition, the SDF’s Enterprise Fund invested over $74 million in initiatives for corporations, corresponding to AirTM, Tala, and Wyre.

The neighborhood was a giant a part of this 12 months’s progress for Stellar, as reported by the SDF. This group labored with over 50 universities and hundreds of scholars all over the place for hackathons and different actions.

The initiative Stellar Quest welcomed new builders for this ecosystem and generated over 2,700, per the report. In that, the Stellar Community Fund was additionally a fantastic success which granted over $4 million within the XLM token for use for creating DeFi, NFTs, and plenty of extra use instances on this community.

The SDF celebrated a “tremendous” 2021 and introduced its strategic goals for 2022. This contains rising Stellar’s community capability and innovation, rising the extent of participation, and “demanding and promoting diversity and inclusion”.

Related Reading | Stellar To Power VISA’s New Partnership, XLM Begins Breakout

As of press time, XLM trades at $0,28 with a 1.2% revenue within the final 24-hours.

XLM shifting sideways within the 4-hour chart. Source: XLMUSDT Tradingview

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