TechFlow news, according to dashboard.stellar, as XLM (Stellar) prices have continuously risen recently, the number of on-chain transactions and transaction fees on the XLM network have also surged. On January 6, the number of XLM transactions was more than twice that of January 4. The average on-chain transaction fee increased from 100 stroop to 10,000 stroop, a 100-fold increase. Due to this situation, some exchanges were forced to temporarily halt XLM withdrawals.
Currently, Huobi allows normal XLM withdrawals. A responsible person from Huobi Global stated that Huobi's security team monitors on-chain data changes in real time and adjusts on-chain operation costs accordingly. After noticing the sharp rise in XLM on-chain transaction volume and fees starting January 4, Huobi promptly increased its own on-chain transaction fees to ensure users can deposit and withdraw funds normally at any time.
According to market data from Huobi Global, as of 12:00 PM on January 7, XLM is trading at 0.365 USDT, up 10.39% for the day and over 200% in the past seven days. Given significant market volatility, please exercise caution and manage risks appropriately.
