BitcoinWorld

Blockchain News

XRP Rival Stellar (XLM) Reports 172% Increase in Payments, Other Positive Numbers in 2022 Report

Stellar (XLM), a competitor to XRP, has reported a healthy 172% increase in payments in 2022, among other positive figures.

According to a new blog post by Stellar founder and CEO Denelle Dixon, despite the ongoing crypto winter, the global payments platform has been posting “astronomical” numbers in 2022.

Dixon emphasizes the fact that Stellar grew faster in just one quarter of this year than it did in the entire year of 2021.

“Last year, we celebrated Stellar’s achievement of 1 billion operations in two quarters. Stellar nearly reached 1 billion operations in one quarter alone this year, in addition to passing another significant milestone – more than 7 million accounts on the network!

This exponential growth is encouraging because it demonstrates that people are using Stellar to power real-world utility, innovation, and financial inclusion around the world.”

XLM also saw an increase in total assets of 73%, an increase in total assets of 17%, and an increase in total operations processed of 92%.

Dixon claims that, despite a decrease in the number of relevant assets on XLM due to a change in how they are calculated, the volume of transactions involving relevant assets has increased by 1.9 times.

“While we tightened our reporting criteria to remove stale relevant assets and saw a slight decrease in the number of relevant assets on the network, Stellar has seen a 1.9x increase in daily transaction volume of these assets since the beginning of the year.”

At the time of writing, XLM is trading for $0.072, down 2.75% in the last 24 hours.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.