Stellar Development Foundation Q4 2024 in Review
Author
Stellar Development Foundation
Publishing date
Quarterly report
The Stellar Development Foundation (SDF) has released its Q4 2024 report, capping off a transformative year marked by strategic achievements and ecosystem expansion aligned with our roadmap.
2024 Network Highlights:
- Network reached 18 billion total operations
- $32 billion in total payment volume
- $10.6 billion in real-world asset volume
- Only $126,016.77 in total network fees
Key Q4 Developments:
Technical Achievements
- Soroban TVL grew 640% ($7M to $52M)
- Protocol 22 upgrade enabled enhanced privacy and scalability solutions
- Over 1M smart contract transactions processed
- Integrations with Dune, Nansen, and Artemis analytics platforms provide custom reporting and dashboards based on Stellar data.
Ecosystem Growth
- Ranked 9th fastest-growing blockchain ecosystem (Electric Capital) with 500+ new developers building on Stellar.
- First Stellar/Soroban integration via Blend protocol with Lobstr and Meru wallets
- Four new MoneyGram Access wallets launched; Owlpay, Klickl, ZyptoPay, and a program 1st - hardware wallet, Arculus
Real-World Impact
- Selected for Wyoming Stable Coin initiative
- Expanded UNHCR partnership into new geographies
- Supported healthcare worker payroll in Northwest Syria through the Stellar Disbursement Platform
Check out the report to learn more about these highlights and other achievements from this quarter. Or watch the Q4-in-review webinar below.