Stellar leads in daily active accounts according to new estimates

Daily active accounts for Stellar Lumens are grossly underrepresented by available charting tools, according to an analysis by OrbitLens.

The group claims that active accounts for XLM should be 10x reported figures.

29th post, OrbitLens, who is behind block explorer and analytics platform StellarExpert, claims that the daily active accounts for Stellar are underrepresented on most data platforms-notably, CoinMetrics.

30th. With 3.3 million accounts on the Stellar network, that equates to a paltry 0.277 percent of accounts being active.

The fluctuations in the above chart are explainable by weekly inflation payouts, where new lumens are added to the network at a rate of 1 percent per year based to accounts based on votes.

Analytics services currently use a payments-based approach for judging active accounts.

Instead, the group applied a new methodology accounting for the entire breadth of transaction types for Stellar.

Based on the analysis, OrbitLens concluded that 4 percent of accounts are active on the Stellar network.

This would mean that over 130,000 accounts are active on Stellar, on average, on any given day.

If these estimates are correct, that would place Stellar at 3rd on the charts in the number of accounts active within the last 24-hours, usurping Dogecoin's position.