Stellar processes record 14.16 million daily transactions as network activity surges

Stellar , an open-source blockchain platform focused on facilitating global payments and asset transfers, has reached a new milestone in transaction processing. On October 23, the network handled 14.16 million transactions in a single day, marking its most active day in the past month, according to analytics firm Chainspect. Throughout October 23, Stellar achieved an average processing speed of 163.9 transactions per second (TPS). The elevated activity continued into October 24, with throughput peaking at certain moments during the day and reaching 224.6 TPS. Unlike several other major blockchain networks that experience congestion and rising transaction costs during periods of heavy use, Stellar maintained stable and minimal fees. The average transaction cost remained at $0.00012 per transfer even during high-load periods.

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