Stellar 2022 concludes with year-end stats, milestones, and achievements

  • Stellar has recorded network growth over the past year.
  • However, the value of the original XLM token fell sharply.

in a new one Transfer Outlining milestones achieved in 2022, Stellar founder and CEO Denell Dixon noted that the global payments platform has seen network growth during the general market downturn during the year.

Read the stars [XLM] Price forecast 2023-24

According to the report, Stellar has seen total assets under its belt rise by 73%. It ended the year with total assets of 155,943. In addition, the number of digital payment transactions processed by the open source decentralized protocol during the year amounted to 345.92 million USD. This is up 176% from the 125.14 million payments processed at the end of 2021.

Moreover, Stellar ended the year with more than 7.37 million accounts in total, up 17% last year.

Source: Stellar Foundation

Despite the network’s growth over the past year, Dixon notes that the number of Stellar-related assets has fallen by 10%. According to the report, related assets are “assets linked to real financial instruments that connect the global financial infrastructure to Stellar’s ​​on/off ramps.” However, it was able to record daily transaction volume growth for this asset class during the year. Dixon reported,

“While we have tightened our reporting standards to remove stale related assets and have seen a slight decrease in the number of related assets on the network, Stellar has seen a 1.9x increase in daily transaction volume for these assets since the start of the year.”

Source: Stellar Foundation

On what the plans are for next year, Dixon said:

“We are always thinking of ways to adapt to the ever-changing landscape of blockchain, cryptocurrency, financial services, and financial technology.”

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Not a huge growth for XLM

While Stellar has seen the network grow, closing some partnerships and implementing a number of protocol upgrades, the 2022 factor has made it difficult for its parent token XLM to register any growth.

During the year, the cryptocurrency market experienced a huge drop in value totaling $1.4 trillion. This downturn has been linked to various problems within the industry, such as project failures and liquidity shortages, which were exacerbated by the collapse of Terra-Luna and FTX.

Regardless of the general decline in the market, the price of XLM is down 74% year-on-year, according to data from CoinMarketCap show up.

XLM is trading at $0.07215 at the time of writing, its lowest since the beginning of the year.

Source: feeling

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