The Stellar Network continued to record a remarkable growth not
The Stellar Network continued to record a remarkable growth not only in terms of market capitalization but also in the interest that is generated in the public. XLM’s growth has led to a surge in its prices which have now managed to surpass Bitcoin Cash and displacing it from fourth place.
Stellar Expert, a Block explorer and analytics platform for the Stellar Network, provides that the growth rate has been especially robust in the last half of the year. While they started this year with 162,847 active registered accounts, by mid-year, before the bearish market struck, it had over 512k accounts. The most remarkable however came in this last semester and stellar now stands at a remarkable 2 million active accounts. If a comparable study can be it made, it will be seen that these figures are more than ten times of the initial number of accounts Stellar had begun this year with and five times the number of registered accounts at the beginning of the second half of the year.
Their official Reddit account reported this news with an emotional message which has encouraged activity and comments from users predicting the caused of this massive extraordinary growth. The subreddit says:
“It took almost four years to get from 0 to 1,000,000 accounts, and only two months to double the number”
For a lot of users, the most important contributing factor for this of growth is the airdrop conducted on account of the of the collaboration between Stellar and the famous Blockchain.com wallet as well as the exponential growth of Diruna, an Indonesian project that aims at developing a Marketplace based on Stellar technology. As announced by the Stellar Foundation the airdrop was supposed to constist ofore than 20 USD in XLM for each and every user of the Blockchain.com wallet and its hardware wallet. The total amount allocated for the airdrop was $125 million, thus losing it to be the most substantial airdrop token in the history of cryptocurrencies.
Likewise, the growth of the Diruna project too has taken off spectacularly. It is an online marketplace project which allows payments in DRN, a token that runs on Stellar’s blockchain. It has more than 1,000,000 registered active accounts, which makes it one of Stellar’s most significant developments.