Stellar (XLM) Reports 50x Transaction Boost, Community Optimistic on the Coin

News
Wed, 08/08/2018 - 10:12
Yuri Molchan
Since 2018 began, Stellar Blockchain has greatly increased the operation volume
Cover image via U.Today

Orbit Lens, the company that created the Stellar Blockchain reports that the amount of operations on the Stellar network is growing exponentially.

Proofs demonstrated

To prove the accuracy of the statement Orbit Lens published a chart that is intended to show a true rise in the use of the Stellar Blockchain platform. Compared to 2016, when the network processed slightly over 45 thousand operations, in 2018 this amount totals around 106 mln transactions.

Investors are bullish

The Stellar community on Reddit is excited, expecting the coin’s price to grow in the near future thanks to the platform gaining traction that big. Besides, they believe that with a supply shrinking but the demand remaining the rate of an asset is bound to go up.

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Stellar’s place on the market

XLM has been a perspective crypto asset, being in the top 10 list of coins, namely, sixth position. At the time of writing XLM is trading at $0.215404 after experiencing a fall of almost 10 percent.

Nevertheless, recently, Stellar has been making partnerships with large, mainstream firms to provide businesses with its Blockchain solution that claims to be efficient and user-friendly enough to change the way business is done globally.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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