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Accounts on Stellar Have Increased Five Fold in the Last 6 Months

The Stellar project, which has suffered the bear market with less setbacks than most other projects, continues to experience good news. Information on Stellar Explorer, a site monitoring the Stellar blockchain, reveals that there has been a 5-fold increase in the number of active Stellar accounts over the past 6 months.

The Stellar token (XLM), now the 4th-largest in-market cap, having surpassed Bitcoin Cash, started the year with roughly 170,000 accounts, which has since increased to over 2 million. The rise in the number of accounts stands out in a year that has been very bearish, and is further underscored by the fact that several competing projects have not experienced the same.

The Stripe-backed project has made much progress this year, including the launch of several security tokens, such as the Indonesian Diruna. The latter is partially responsible for the increase in users on the network. However, some community members have raised concerns about the effort.

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