XRP rival Stellar (XLM) is reporting a healthy 172% increase in payments in 2022 in addition to other positive numbers.
According to a new blog post by Stellar founder and CEO Denelle Dixon, the global payments platform has been posting “astronomical” numbers in 2022 despite an ongoing crypto winter.
Dixon highlights the fact that Stellar saw more growth in just one quarter of this year than it did in all of 2021.
“Last year, we celebrated that Stellar hit 1 billion operations in two quarters. This year, Stellar nearly hit 1 billion operations in one quarter alone, in addition to passing another huge milestone – more than 7 million accounts on the network!
This growth has been astronomical and heartening because it’s proof that people are using Stellar to power real-world utility, innovation, and financial inclusion across the globe.”
XLM also posted positive numbers across the board, seeing a 73% increase in total assets, a 17% increase in total assets, and a 92% bump in total operations processed.
Dixon says that even though the number of relevant assets on XLM has decreased due to a change in how they are calculated, the volume of transactions involving relevant assets has increased by 1.9 times.
“While we’ve tightened our reporting criteria to remove stale relevant assets and observed 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 start of the year.”
XLM is changing hands for $0.072 at time of writing, down 2.75% over the last 24 hours.
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