Stellar Ecosystem
News

Pendulum ecosystem advanced infrastructure for traditional finance integration in August. Vortex demonstrated multi-bridge crypto-to-fiat conversion spanning Polygon and Axelar to EUR via Pendulum and Stellar's Circle EURC. Spacewalk expanded XLM bridging capacity, new assets arrived via Subwallet, and MYKOBO completed migration from proprietary to Circle EURC. Governance moved forward with three referendums.

The Stellar Development Foundation introduced Galexie, the first component of the Composable Data Platform, a lightweight application that extracts and stores Stellar ledger data in cloud-based data lakes. Galexie decouples data extraction from transformation, enabling tools like Horizon and Hubble to access precomputed transaction metadata more efficiently than relying on Captive Core.

The Stellar Development Foundation and DEV announced the winners of the Build Better on Stellar: Smart Contract Challenge, with over $50,000 in prizes distributed across tutorial and dApp categories. Winners included projects like Soroban by Example, Entry X (decentralized ticketing), and DVILLA (sustainable e-commerce), with overall winners receiving $13,000 and all-expenses-paid trips to Meridian conference.

xyclooLabs announces new community indexes and dashboards functionality for Mercury, their data platform for Stellar developers. The update includes improvements to the zephyr-sdk with DashboardBuilder, backend infrastructure for creating and discovering indexes/dashboards, and a community section in the Mercury webapp.

The xRF token, utility cryptocurrency for the Reflector Oracle Network, is now available on Soroswap.Finance, the first DEX on the Soroban blockchain. It enables governance, rewards for node operators, and subscriptions for price feeds. This integration leverages Stellar's ecosystem for efficient DeFi trading.

Franklin Templeton expanded its tokenized money market fund FOBXX to Avalanche blockchain, three years after launching on Stellar. The fund now operates across multiple chains with $402 million in assets under management.

Phoenix is a DeFi hub being built on Stellar's Soroban smart contract platform. The explainer video covers what Phoenix is and its role in the Stellar DeFi ecosystem.

The Stellar Development Foundation introduces the Composable Data Platform (CDP), a new open-source architecture that decentralizes data access on Stellar by breaking down monolithic tools like Horizon and Hubble into modular, configurable components. CDP enables developers to customize their data consumption patterns and infrastructure based on specific application needs.

Phoenix DeFi Hub has launched on Stellar's Soroban smart contract platform, starting with a decentralized exchange in May and planning an NFT marketplace and additional protocols. The platform aims to be a comprehensive DeFi solution leveraging Stellar's on/off-ramp infrastructure and stablecoin ecosystem.

This article explains smart contract wallets (smart wallets) and their advantages over traditional crypto wallets, including enhanced functionality, security features, and passkey support. It highlights how Stellar's Protocol 20 and 21 enable passkey-powered smart wallets to improve user onboarding and accessibility.

Paltalabs led a developer workshop at ETHChile 2024 teaching Soroban smart contracts and Soroswap AMM mechanics. The session covered Stellar's cross-border payment design, contract fundamentals, liquidity pooling, and asset swaps for Latin American builders.

Floripa Web3 event in Florianópolis on August 9, 2024 featured Nearx experts Lucas Bispo de Oliveira and Caio Mattos discussing Rust, Soroban SDK, and the free Stellar Bootcamp program for blockchain developers.

The Stellar Development Foundation released a documentary called 'The Onchain Effect' showcasing how blockchain technology is solving real-world financial problems. The film tells the story of an Australian entrepreneur in Colombia who uses Stellar and the Decaf wallet to safely pay his employees in USDC, eliminating the need to carry dangerous amounts of cash.

Validation Cloud announced support for Stellar Horizon, offering high-performance Node API infrastructure with archive node data access. The service enables developers to build wallets, DEXs, and other applications on Stellar with improved performance and historical data querying capabilities.

This article explains token vesting and streaming protocols, highlighting their importance for crypto projects to align incentives and prevent dumps. It details closed-ended and open-ended streaming models, with examples like Sablier, Superfluid, Hedgey, and LlamaPay. TokenOps is presented as a platform integrating these for efficient vesting management.

DECTA, an Ireland-based EMI, is partnering with French fintech Next Generation to launch EURT, a MiCA-compliant Euro-pegged stablecoin on Stellar and three other blockchains. The project, originally launched in 2017, is being relaunched in October 2024 under the new European regulatory framework.

OwlTing Group integrated its OwlPay Wallet Pro with Stellar to support USDC stablecoin, expanding access to 8+ million Stellar accounts. The integration enables compliant cross-border payments and allows users to pay transaction fees in fiat currency.

Tansu deployed its Soroban smart contract to testnet with event handling infrastructure now live. The governance platform released a Python library on PyPI. Upcoming milestones: dApp proof-of-concept, FastAPI backend, and continuous contract deployment.

The Stellar Development Foundation released its Q2 2024 quarterly report, highlighting network growth to 8.4 million addresses, real-world asset supply exceeding $598 million, and significant progress in tokenization and Soroban adoption. The report showcases achievements including WisdomTree's expanded retail access, $7.8 million in enterprise investments, and $5 million in Stellar Community Fund awards to 107 projects.