The Stellar Development Foundation (SDF), the nonprofit organization supporting the development and growth of the Stellar network, reported annual growth metrics of Vibrant, a Stellar-based digital wallet offered by SDF’s subsidiary Sunship, Inc. From Q2 2023 to Q2 2024, Vibrant experienced a 282% increase in monthly active users globally. During this time, monthly transactions, which include inflows, outflows, and asset swaps, grew 186%.
The adoption of the Vibrant digital wallet is being led by countries with high inflation rates, particularly in Latin America. Argentina has the highest rate of Vibrant users globally, accounting for 93% of Vibrant’s user base. Monthly transacting users in Argentina grew by 282% year-over-year from Q2 2023 to Q2 2024. Following Argentina, LATAM countries like Colombia, Nicaragua, Mexico, Paraguay, and El Salvador also show strong adoption rates.
The largest influx of Argentinian users and activity was notably observed following the co
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