Update
Stellar Network Records Busiest Day of Month
Stellar blockchain platform recorded its highest daily load over the past month with 14.16 million transactions on October 23. The network processed an average of 163.9 transactions per second (TPS) on that day, and maintained a low average fee of $0.00012 despite a similar spike in activity on October 11. The high traffic is attributed to recent code updates, including the Protocol 28 upgrade and the launch of Chainlink price data feeds on October 14. The network is preparing for the next upgrade, Protocol 30, which will be voted on in the coming days. The October transaction peak was driven by an inflow of large capital into the stablecoin and tokenized real-world asset sectors, with a total financial volume of $33.2 billion and a 121% increase in stablecoin transfers to $25.1 billion.