Stellar, The Dead Network

Messari.io reports Stellar processed 1024 transactions today Jan 3rd, 2019:



On Blocktivity.info, Stellar transaction volume is so low that it doesn't make the top 20:



Coinmetrics.io reports 683 transactions on the Stellar network for Dec 23rd, 2018, compared to over 3 million on the Tron network:



Based on the statistics presented as they are, Stellar appears to be one of the the most overpriced coins in history as it is being reported to have no network volume.

A Look at the Tron Blockchain

Justin Sun is proud of Tron's high transaction throughput:

Link to Tweet

Tron Now sees millions of transactions per day.

Peering into the Tron blockchain using TronScan.org, a random block is chosen for investigative purposes to see what these millions of transactions really are: almost all are gaming oriented smart contract operations. Below is a random block chosen #5474796:



Link to Block

The block is full of smart contract operations:

Tron's high transaction volume is explained by high levels of smart contract usage, its blocks being almost totally composed of TRIGGERSMARTCONTRACT operations, so it may be concluded that the statistics aggregation sites are using the terms smart contract operations and transactions interchangeably with Tron.

In doing so, it would be expected that the statistical sites would be consistent and also interchange smart contract operations and transactions with Stellar too, right?

Stellar Smart Contracts

In a partnership with Stellar, IBM has launched a program conducting cross-border transactions in the South Pacific region. How could this pilot be ongoing with little to no transactions as reported by the statistical aggregators?

A quick look at Stellar.expert shows the Stellar network is not empty at all. The Hong Kong Dollar is the 2nd-most traded currency on the Stellar Ledger, surpassed only by Lumens.



Link to Chart

The trades are conducted via smart contract operations, just as the Tron network conducts dice rolls via smart contract operations. The difference being: Stellar's smart contract operations aren't being aggregated or reported by the top sites.

In the following example is a Manage Offer smart contract operation being executed with a Sell parameter thereby trading Lumens and Hong Kong Dollars. If Tron smart contract operations are counted as transactions, why not Stellar's?

Transactions & Payments Statistics: XLM VS XRP

Date DLT Tx Payments 20181224 Stellar 180804 19589 20181224 XRP 777692 31371

Stellar Payments Statistics:



Link to Chart

Stellar Transactions & Operations Statistics:



Link to Stellar Chart

XRP Transactions Statistics:



Link to XRP Chart

XRP Payments Statistics:



Link to XRP Chart

The interchangeability between Transactions, Smart contract operations, and Payments nomenclature among the various ledgers and networks is widespread, so the key point to take home from this article is: there is much more activity occurring on the Stellar ledger than is being advertised.

January 3rd, 2019 prices:

XLM $0.11

XRP $0.35

The information presented herein is speculative in nature and shall not be regarded as financial advice.