Stellar brings important improvements to the blockchain in the last quarter

• Stellar has fixed a mistake with the network nodes by bringing them back into the service with a protocol upgrade.
• The CAS 38 proposal is ready for implementation with the upgrade of protocol 18, which improves liquidity with the AMM implementation.

At the time of printing, the XLM price is traded by 5.5 percent higher, although the entire cryptocurrency market is under pressure. The price increase comes because the Stellar Development Foundation (SDF) informs the community about the achievements for the second quarter of 2021. The SDF calls three important strategic columns for the growth of the Stellar blockchain network.

1. Support of the user -friendliness and robustness of Stellar.
2. increase people's trust in the Stellar blockchain.
3. Development of sustainable Stellar application cases for cross-border payments and securitized assets.

In his Q2 report, SDF announces what you have achieved in the last quarter compared to these three pillars. The Stellar-Blockchain had a few test phases because it was faced with technical headwind in early April.

The Horizon API instance went out because validators were forced to temporarily stop the knots. However, the validators managed to keep the network online. There were enough validators to safely handle the transactions. At the same time, the engineering team brought new knots and a new Horizon instance online. This was a real test for Stellar to demonstrate his decentralization.

The network growth of Stellar

The Stellar Blockchain network recorded strong growth in the direction of its robustness and user-friendliness. In the second quarter of 2021, the total number of accounts on the blockchain increased by 20 percent compared to the previous year. Likewise, the total payments rose by an incredible 160 percent and the entire processed processes by 173 percent. The average daily Dex volume also increased by 27 percent.

In addition, the relevant assets, which are bound to financial instruments such as stocks and Fiats, rose by 58 percent per year. The on-network transaction volumes for these relevant assets also increased by 760 percent compared to the previous year. On the other hand, XLM derivative products came onto the market in the second quarter of 2021. In May 2021, stock exchange -traded bonds were introduced on the Stuttgart stock exchange.

Read more : Cardano and Stellar Exchange Traded Notes (ETNS) introduced on the Stuttgart Stock Exchange

Excellent community financing in investments

At the beginning of the second quarter of 2021, the Stellar Community Fund awarded 8 projects with $ 5 million in funding. At the end of June last month, a new SCF round went live, for which 40 projects applied.

In addition, SDF made two Enterprise Fund investments in Airtm and Tribal Credit with a total of $ 18 million in the last quarter. Airtm's investment alone was $ 15 million and was the largest from the foundation.

Protocol upgrade and network cladding

After the error in early April 2021, which interrupted the network nodes, the foundation introduced two protocol upgrades. Protocol 16 helped all affected Validator nodes to restore the service. An interesting function called Asset Clawback was introduced in Protocol 17. As a result, issuers of financial instruments were able to meet the regulatory requirements.

In addition, SDF also found that the CAP-38 proposal, which automated market maker (AMMS) introduces into the Stellar-Blockchain, is ready for implementation. The implementation takes place as part of protocol 18 and improves the liquidity of the Stellar blockchain. The Report

If the validators vote for the acceptance of the new protocol with CAP-38, users can create liquidity pools, enable cheaper, faster and easily usable cross-asset payments and democratize market making by giving everyone the opportunity to take part in the liquidity provision.

In another development to interact with his community, SDF will publish the Stellar Quest Series 3.