Stellar 2022 wrap-up with end-of-year metrics, milestones, achievements
- Stellar registered community progress within the final yr.
- The worth of its native token XLM, nevertheless, declined severely.
In a brand new report detailing the milestones reached in 2022, Stellar founder and CEO Denelle Dixon famous that the worldwide funds platform recorded community progress amid the overall market downturn through the yr.
Learn Stellar’s [XLM] Worth Prediction 2023-24
In accordance with the report, Stellar noticed the depend of whole belongings beneath its belt soar by 73%. It closed the yr with 155,943 whole belongings. As well as, the variety of digital fee transactions processed by the open-source decentralized protocol through the yr totaled $345.92 million. This represented over 176% rally from the 125.14 million funds it processed by the tip of 2021.
Additional, Stellar closed the yr with over 7.37 million whole accounts, having climbed by 17% within the final yr.
Supply: Stellar Basis
Regardless of the community progress within the final yr, Dixon famous the depend of Stellar’s related belongings dropped by 10%. In accordance with the report, related belongings are “belongings tethered to actual monetary devices that join international monetary infrastructure with Stellar on/off ramps.” It, nevertheless, managed to log progress in every day transaction quantity for this asset class through the yr. Dixon reported,
“Whereas we’ve tightened our reporting standards to take away stale related belongings and noticed a slight lower within the variety of related belongings on the community, Stellar has seen a 1.9x improve in every day transaction quantity of those belongings for the reason that begin of the yr.”
Supply: Stellar Basis
On what the plans are for the approaching yr, Dixon mentioned:
“We’re at all times considering of the way to adapt with the ever-shifting panorama of blockchain, crypto, monetary companies, and fintech.”
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Not a lot progress for XLM
Whereas Stellar recorded community progress, closed a couple of partnerships and applied a variety of protocol upgrades, the 2022 issue made it laborious for its native token XLM to register any progress.
Through the yr, the cryptocurrency market noticed a big drop in worth, totaling over $1.4 trillion. This lower has been linked to numerous issues inside the trade, equivalent to unsuccessful ventures and a scarcity of liquidity, which was made worse by the collapse of Terra-Luna and FTX.
Not spared from the overall market decline, XLM’s value dropped by 74% on a year-to-date foundation, knowledge from CoinMarketCap confirmed.
Exchanging palms at $0.07215 at press time, XLM traded at its lowest level for the reason that starting of the yr.
Supply: Santiment
