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

Stellar Development Foundation has released the year-end metrics for the ecosystem and the network. The metrics were presented by Denelle Dixon (Executive Director and CEO of the SDF) which showed an increase in all areas.

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According to the SDF report, Stellar Network saw a 32% increase in total accounts between 2020 and 2021. Six million accounts total are in existence.

The Stellar Network, on the other hand has handled over 1.8 million total operations. The total operations processed by the Stellar Network have increased 127% since 2020. This ledger shows that the total assets have increased from 8,639 up to 90,297. That’s a 945% increase in this same time period.

SDF claims that the SDF has seen a rise in interest in Stellar Network metrics. This is why 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

The Stellar ecosystem is now more diverse. This year, the SDF has recorded over 10 new anchors joining its network. This is 33% more than in 2020.

As shown in the below image, there are 30 anchor services to this network. The majority of these entities are located around the globe, with an important portion in North America, Latin America and Africa.

Source: SDF via Twitter

Stellar’s 2021 Year of Important Partnerships

The Stellar Network saw the launch of USD Coin, a stablecoin USD Coin in 2021. The USDC, managed by the Centre consortium (Crownbase, Circle) is one of the best digital assets for transacting in the crypto world.

MoneyGram and major corporations leveraged this ecosystem to make it one of Stellar’s best partnerships. 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. The organization collaborated with more than 50 universities worldwide and thousands of students to host hackathons.

According to the report, Stellar Quest was a platform that welcomed developers into this community and produced over 2,700. The Stellar Community Fund, which provided over $4 million of XLM tokens to help develop DeFi and NFTs as well as many other uses on the network, was another great success.

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”.

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XLM is trading at $028 as of press time with a 1.2% profit over the past 24-hours.

XLM moved sideways on the 4-hour chart. Source: Tradingview XLMUSDT

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