Saturday, April 10, 2021

Grayscale Keeps Buying XLM as Institutional Interest in Stellar Increases; Horizon 2.0 Released

Grayscale Investments, the world’s largest crypto-asset manager, has significantly increased its positions in the digital currency Stellar Lumens (XLM) as institutional interest in the cryptocurrency surges.

The crypto asset manager has also increased its positions in various cryptocurrencies, including Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Read Also: Stellar Winning Battle of Blockchain Payment Networks against Ripple with XLM’s Vast Uptrend

Grayscale Investments Buys About 36 Million XLM

According to a link to the Grayscale page on the Bybt analytics platform shared via Stellar’s Turkish Twitter page, over the past month, the crypto asset manager has increased its position in Stellar Trust with 35,855,625 XLM worth $15.3 million at current prices.

Additionally, the largest hedge fund has bought 6,568,516 XLM worth about $2.8 million, over the last 24 hours.

Stellar XLM Türkiye, “Grayscale is buying and buying more. The Growth of Institutional Interest.”

Read Also: Grayscale Investments Disclaims Dumping Huge Amounts of XRP and XLM

Stellar’s Horizon 2.0 Released

Another big news in the Stellar community is the release of Horizon 2.0, the client-facing API server for the Stellar ecosystem. According to the report, the release took years of hard work.

Stellar tweeted, “Big news… we’ve just released Horizon 2.0! This major release has been years in the making. It lets people deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before!”

According to the blog post that announced the release, Horizon 2.0 is a newly introduced way to run the infrastructure that powers the Stellar network.

Read Also: Grayscale Ethereum Trust Becomes SEC Reporting Company. How Would ETH Benefit? Details

The blog post reads in part as follows:

“This paradigm shift enables large organizations and small developers alike to deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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