Express

Facebook's Diem Testnet Has Processed 50 Million Transactions

Mary Liu

Summary: Diem, a Facebook-backed stablecoin project formerly known as Libra, has successfully processed a total of 50 million transactions on its testnet, according to the blockchain browser inDiem. The Diem testnet has more than 222,000 participants, allowing network developers to detect and correct Diem issues before public release. They use LBR (tokens running on the Diem blockchain) for ...

Diem, a Facebook-backed stablecoin project formerly known as Libra, has successfully processed a total of 50 million transactions on its testnet, according to the blockchain browser inDiem.

The Diem testnet has more than 222,000 participants, allowing network developers to detect and correct Diem issues before public release. They use LBR (tokens running on the Diem blockchain) for network interaction.

This progress is a positive signal as the association expects to launch Diem later this year.

By Mary Liu

Last Update:

Tags: ,,,
Link: Facebook's Diem Testnet Has Processed 50 Million Transactions   [Copy]
Next:

Related Articles

  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 10 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 11 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 18 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... October 5, 2025
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025

    • You need to login to comment.