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

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The Stellar Development Foundation (SDF) has published the end-of-year metrics for their ecosystem and the underlying network. Presented by Denelle Dixon, Executive Director, and CEO at the SDF, the metrics showed a significant increase across 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 experienced a 32% rise in its number of total accounts with respect to 2020. The number of total accounts stands at 6 million.

On the other hand, the Stellar Network has processed over 1.8 billion total operations. This represents a 127% increased since 2020. The total assets available on this ledger have risen from 8,639 to 90,297 which represents a 945% increase over the same period.

The SDF claims the rise over these metrics suggests there is a growing interest in the Stellar Network. In that sense, they added the following while showing more data on “relevant assets”:

It’s not just about raw network growth. We track growth in relevant assets – assets tethered to real financial instruments – and relevant asset transactions. Since the start of 2021, we’ve seen 11% of relevant assets, and a 2.3x increase in daily transaction volume of these assets.

Source: SDF via Twitter

As a consequence, the Stellar ecosystem has expanded. The SDF records over 10 new anchors coming into the network during this year. This represents a 33% increase since 2020.

The anchor services for this network stand at 30, as shown in the image below. Most of these entities are spread across the globe with a significant percentage 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. Managed by the Centre consortium, created by Coinbase and Circle, the USDC is one of the most important digital assets to transact in the crypto space.

This was one of Stellar most important partnerships this year, the ecosystem was leveraged by MoneyGram and other major companies. In addition, the SDF’s Enterprise Fund invested over $74 million in projects for companies, such as AirTM, Tala, and Wyre.

The community was a big part of this year’s progress for Stellar, as reported by the SDF. This organization worked with over 50 universities and thousands of students everywhere for hackathons and other activities.

The initiative Stellar Quest welcomed new developers for this ecosystem and generated over 2,700, per the report. In that, the Stellar Community Fund was also a great success which granted over $4 million in the XLM token to be used for developing DeFi, NFTs, and many more use cases on this network.

The SDF celebrated a “tremendous” 2021 and presented its strategic objectives for 2022. This includes increasing Stellar’s network capacity and innovation, increasing the level 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% profit in the last 24-hours.

XLM moving sideways in the 4-hour chart. Source: XLMUSDT Tradingview

Source: newsbtc.com

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Floki Inu Marks New Milestone, Gets a Key Acknowledgment From CoinMarketCap

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Floki Inu (CRYPTO: FLOKI) made yet another step towards joining the cryptocurrency cool kids club after receiving recognition from CoinMarketCap — the world’s top website in the cryptocurrency space for digital currency prices.

What Happened: Floki Inu’s team announced on Friday that the memecoin’s market capitalization is now verified on CoinMarketCap. In the announcement, …

Full story available on Benzinga.com

Source Here: benzinga.com

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These 2 Cryptos Named After Elon Musk’s Dog Experiencing Massive Gains, Defying the Crypto Sell-off

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Amid the crypto market rout, a few coins are towering tall, and two cryptos which are among the biggest gainers, are dog-themed currencies.

What Happened: NinjaFloki (CRYPTO: NJF), a gaming-based passive income-generating crypto, was seen trading with gains close to 500% on Saturday, according to CoinMarketCap. It is a relatively new crypto and was launched in 2021. It is built on the Binance Smart Chain and has a maximum supply of 100 billion NinjaFloki tokens.

Also among the gainers is Mars Floki …

Full story available on Benzinga.com

Source: benzinga.com

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‘To the Film That Changed My Life’: Adarsh Gourav Marks First Anniversary of ‘The White Tiger’

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New Delhi [India], January 22 (ANI): Actor Adarsh Gourav who shot to fame with his performance in 2021 crime-drama ‘The White Tiger’, is celebrating the first anniversary of the movie.
“1 year to the film that changed my life. Limitless gratitude to Ramin, @priyankachopra @rajkummar_rao @tessjosephcasting @netflix_in for believing in me. The moment you recognise what is beautiful in this world, you stop being a slave”.- A

Original Article: bignewsnetwork.com

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