Grayscale added an amount close to 35 million XLM to its crypto holdings over the past month while XLM introduces update Horizon 2.0

According to recent data from Stellar Lumens, Grayscale has added an amount close to 35 million XLM to its crypto holdings over the past month.

Grayscale has added an amount close to 35 million XLM to its crypto holdings over the past month

Over the past 30 days, Grayscale Investments hedge fund has acquired 35,855,625 XLM. The company has also purchased 243,519 ETH, 174,939 LTC, and other altcoins in the past month.

Stellar’s Turkish Twitter page has shared a link to the Grayscale page on the Bybt analytics platform that shows that, over the past month, the biggest crypto hedge fund has added 35,855,625 XLM to its Stellar Trust; that is $15,283,080 in fiat.

Over the past 24 hours, Grayscale purchased 6,568,516 XLM, totaling $2,799,760.

Aside from that, the company has purchased $381,661,016 worth of Ethereum (243,519 ETH), $352,211,536 in Bitcoin (7,169 BTC) and $31,969,945 in Litecoin (174,939 LTC).

Grayscale also bought more BCH, ZEC, and ZEN.

The amount of Stellar bought on March 1 totals 6,568,516 XLM ($2,799,760) and 3,347 of ETH ($5,255,163). The number of LTC coins bought by Grayscale last month represents 80 percent of all Litecoin mined in January. Last month, miners created 201,600 LTC overall.

The total amount of crypto assets under the company’s management constitutes $36.9 billion as of March 1.

Stellar Development Foundation (SDF) revealed details of the Horizon 2.0 update

According to an official blog post by the Stellar (XLM) team, Horizon 2.0’s release of its API server is up and running. First of all, it eliminates the need to roll out the Stellar validator to interact with the blockchain.

Alongside that, running a full-fledged validator did not make sense for the majority of use cases. Thus, with Horizon 2.0, its API instrument can be activated separately.

While running a validator, a client can contribute to the decentralization of Stellar (XLM) protocol or take part in crucial referendums. With Horizon, a customer can track events in-network, submit new transactions and explore the current state of the blockchain.

With the new update, Stellar introduces a modular architecture that optimizes the interaction between the parts of the blockchain system. The new version of Stellar Core can process ledgers entirely in-memory, so there is no more need to maintain a separate Core DB.

Ingestion, the process of initially connecting to network instruments, now takes less than one day while it used to take weeks, even on high-end machines. Additionally, the process of running Stellar Core becomes far more memory efficient. The consumption of HD space is lowered by hundreds of gigabytes.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS