STELLAR (XLM) Reaches 1 Mln. Accounts

Stellar (XLM), an open source distributed payment infrastructure, has reached more than 1,000,000 accounts in its network, which is an important milestone for a three-year project.

According to data obtained from the public Blockchain Explorer, the project saw a large surge in accounts created before 2018, which from $ 244,000 at the beginning of the year reached $ 1,057,000. Despite the growth of the network, the price of XLM suffered from a drop from $ 0.45 to 1 $ 0.23 (Stellar price for today is $0.23. It has a current circulating supply of 18.8 Billion coins and a total volume exchanged of $129,428,909).

There is a serious foresight around Stellar, since the project is one of 5 projects that is currently being considered by Coinbase for listing. In addition, IBM reported in July that it is working with Stronghold, Stellar network’s first official, venture-backed USD anchor, for the joint development of a stable coin, insured by the Federal Deposit Insurance Corp., linked to the US dollar and built on a detachment.

XLM currently occupies the 6th place in the AltDex 100 index (ALT100), the basic index for crypto-currencies and tokens with a large capitalization.