Stellar Adds 8,035 Addresses in 24 Hours Before Bell Vote

By Elena Vasquez

Stellar Network added 8,035 new addresses during a 24-hour period, while 90,027 addresses were active, according to DefiLlama's Stellar page. That new-address figure fell below the 10,000-to-15,000 daily pace cited in the report, and DefiLlama said readings can vary widely from one day to the next.

DefiLlama tracks new addresses, active addresses and transactions for each chain it covers. Those chain-level measurements do not identify how many distinct people or institutions control the addresses, and the available reporting provides no ownership breakdown. The key takeaway is that network participation appears broader, while its economic composition remains unstated.

MetaMask distribution, DeFi liquidity and a pending protocol upgrade provide context, but none directly proves sustained XLM demand. The key takeaway is that network participation appears broader, while its economic composition remains unstated.

What do the activity and liquidity figures show?

Blockonomi, citing DefiLlama, reported that Stellar's DeFi total value locked reached a record of nearly $273 million on October 2. The same report put daily active addresses at 94,972, close to the 100,000 mark.

That October 2 count exceeds DefiLlama's current 90,027 snapshot, so the two observations do not establish a sustained upward trend. The available reporting does not identify the protocols behind the $273 million or show whether the record persisted. The takeaway is that Stellar recorded deployed value and roughly 95,000 daily active addresses, but not who supplied the capital.

How does MetaMask expand Stellar's access?

Ad-hoc-news reported on October 29 that MetaMask made Stellar a default network in its mobile and extension products. Citing the Stellar Development Foundation, it reported that “every existing MetaMask account now includes a Stellar address.”

The integration lowers a practical barrier to trying Stellar because users can reach the network through an existing wallet account. Default visibility does not prove that MetaMask users activated the address, created activity or moved funds, and the cited reporting supplies no conversion figures. The takeaway is that MetaMask widened potential access, not demonstrated usage.

What could the Bell upgrade change?

Coinranking reported that Stellar activated Protocol 30, known as Bell, on testnet on November 4. Validators were scheduled to vote on mainnet activation for November 23 at 17:00 UTC.

The cited material does not describe Bell's specific features, so its operational effects remain unverified. Testnet deployment also does not guarantee mainnet activation; the scheduled validator vote is the operative decision point. The takeaway is that Bell has reached testnet, while mainnet deployment still depends on that vote.

Does address growth translate into XLM demand?

More addresses did not necessarily produce more token demand. Market commentary cited by Ad-hoc-news said low network fees and the use of other assets for settlement can limit the effect of Stellar's growth on demand for XLM.

The outlet quoted XLM at about $0.154 on November 7. That price offers a dated market reference, not a valuation verdict, and the available figures provide no volume, fee-revenue or holder breakdown to establish a link between address creation and native-token demand.

Network use can rise without every interaction requiring XLM, which is the principal caveat behind treating address counts as token demand. The takeaway is that low fees and alternative settlement assets can separate network growth from sustained XLM demand.

What should readers watch next?

The next verifiable checkpoint is the November 23 validator vote at 17:00 UTC, followed by whether Stellar's active-address count remains near recent readings and its TVL record holds. MetaMask may broaden address creation, but the reporting gives no user-conversion figures, while Bell's mainnet status remains conditional.

Readers should separate distribution, usage and economic demand: MetaMask supports the first, DefiLlama's snapshots indicate the second, and neither establishes the third. The cited figures provide no protocol-level volume, fee revenue or breakdown of address ownership. The takeaway: Stellar is expanding access and recording on-chain activity, but the durability of that growth and its connection to XLM remain unproven.