The main rival of Ripple (XRP), Stellar (XLM), a decentralized peer-to-peer network, recorded around 3 billion operations this year, approximately a 92% increase from last year, which was 1 billion.
On December 26th, the network tweeted a thread in which SDF CEO and Executive Director Denelle Dixon summarized 2022 by outlining end-of-year stats, milestone achievements, and other information.
According to the Twitter thread, Stellar handled an additional billion operations in just two quarters of last year. This year, Stellar reached almost 1 billion operations in a single quarter and attained the milestone of having more than 7 million accounts on the network.
Additionally, the network saw a massive growth of about 172% to 3.45 million from the previous year regarding total payments. The network reported a 1.9x increase in the number of daily transactions, steadily rising since the start of this year.
This rise occurs even though they’ve tightened their reporting criteria to exclude outdated relevant assets and noticed a little drop in the number of relevant assets on the network.
2022 New Developments Of Stellar (XLM)
As they said earlier this year, the network will soon support smart contracts. Soroban, a testnet with incentives, is now operating on Futurenet and is scheduled to be live on Mainnet in the middle of 2023.
In addition, they have set up a $100 million adoption fund with the sole purpose of aiding developers who are utilizing Soroban. However, Soroban is only the beginning of the excitement.
MoneyGram launched MoneyGram Access in June as a first-of-its-kind worldwide on/off-ramp service for digital wallets, collaborating with SDF.
According to the tweet:
One real-world use case showcasing the power of MoneyGram Access is Stellar Aid Assist, a tool that enables humanitarian aid organizations to deliver cash assistance quickly, affordably, and transparently.
Since the previous year, the number of anchors has doubled from 30 to 60, continuing to support Stellar. Since the Stellar Anchor Platform was introduced, being an anchor is now simpler than ever.
Furthermore, the Enterprise Fund, which was first introduced in 2020, is still expanding the Stellar ecosystem and widening its reach. A total of $23.525 million was invested by it this year in 5 firms.
Additionally, $3.25 million went to accelerators supporting startups in growth regions, including Latin America and Africa.
Moreover, with $1.2 M distributed to three startups this year, the Matching Fund, its most recent investment track, enables more early-stage startups interested in developing on Stellar.
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