Stellar Ecosystem
News

Balanced Network's Q2 2024 update details deployments on five new blockchains including Avalanche, Arbitrum, BNB Chain, Base, and Havah, alongside smart contract audits and cross-chain preparations. Governance saw 19 proposals passed, with the DAO earning $33k in fees and burning ICX as part of economic enshrinement with ICON. Q3 plans include cross-chain loans and launches on Injective, Optimism, Polygon, and Stellar.

This article explains the role and importance of Lumens, Stellar's native currency, detailing how they function as transaction fees, maintain network security through minimum balance requirements, and serve as a bridge currency for cross-border payments. It also highlights Stellar's unique consensus protocol (SCP) and its advantages over traditional blockchain networks.

Cyberbrawl, the rebranded sequel to Litemint.io, introduces enhanced features including seamless asset migration from Stellar blockchain, multi-chain support, in-game auction house, and new game modes. Existing players' blockchain assets like cards and achievements will transfer over, with special rewards for Legend-ranked players. The game emphasizes web3 gaming on Stellar while expanding to other chains for broader accessibility.

Balanced, a cross-chain DeFi platform originally on ICON, has rapidly expanded with five new blockchain connections in 2024, boosting availability by 250%. Upcoming plans include front-end integrations for Injective and Optimism, cross-chain loans, and phase two connections to Solana, Stacks, Stellar, Sui, and more. The update highlights improved trading with unified multi-chain assets and Stability Fund enhancements.

A comprehensive technical overview of the Stellar stack. Covers the three networks (Mainnet for production, Testnet for development, Futurenet for experimental features), Stellar Core's consensus protocol, Horizon API for blockchain interaction, Soroban RPC for smart contracts, and SDKs available in Go, Python, Java, and JavaScript.

Etherfuse, a tokenized real-world assets platform, raised $3 million in seed funding co-led by White Star Capital and North Island Ventures, with participation from the Stellar Development Foundation. The company is tokenizing emerging market government debt on Stellar and Solana blockchains, starting with Latin American sovereign bonds.

Huma Finance publishes a comprehensive overview of PayFi (Payment Finance), a new frontier in real-world assets that combines stablecoins with financing mechanisms to enable scalable, compliant payment solutions. The article introduces the PayFi Stack—a framework with six layers (Transaction, Currency, Custody, Financing, Compliance, Application)—and highlights Stellar's role alongside Solana in providing high-throughput, low-cost transaction infrastructure for payments.

This guide explains how Ugandan users can withdraw cryptocurrency from Binance to Ugandan Shillings (UGX) via Mobile Money or bank accounts using Bingtellar, a web3 payments platform. It provides a detailed step-by-step process, highlighting Bingtellar's advantages over P2P methods. The article mentions Stellar as one of the affordable blockchain networks for low-cost transfers.

The Stellar Development Foundation donated $250,000 to support Glo Dollar's integration into the Stellar ecosystem. Glo Dollar is a stablecoin that donates 100% of its profits to charitable causes, enabling users to support philanthropy without explicit donations through remittances and social payouts.

ATHR introduces a novel ranking system for crypto assets based on all-time high rankings (ATHR), last year high rank, and last 3-month high rank, using historical data from CoinMarketCap. The approach analyzes ranking movements rather than absolute prices to account for interdependencies among assets. Stellar (XLM) appears at rank 39 with ATHR of 4, current rank around 31.

This article compares Stellar's State Archival solution with Solana's State Compression (Avocado), arguing that Stellar's approach is more efficient and scalable. The analysis highlights fundamental flaws in Solana's design including poor data availability guarantees, increased network congestion, and higher costs.

An educational article introducing Stellar's blockchain network, explaining its Stellar Consensus Protocol (SCP), and demonstrating real-world applications through IBM World Wire and ClickPesa for cross-border payments and financial inclusion.

The Stellar Development Foundation and DEV Community are launching the Build Better on Stellar: Smart Contract Challenge, running through August 18, offering a $50,000 prize pool and free trip to Meridian Conference for developers building dApps with Soroban smart contracts.

Stellar's newly launched Soroban smart contracts platform addresses key Web3 pain points including liquidity fragmentation, high transaction costs, and accessibility. With 80,000+ USDC on-ramps globally, an established user base of 8.4 million accounts, and a $100 million SDF commitment to builders, Stellar offers a mature, scalable foundation for DeFi development.

BlockEden.xyz unveiled their Soroban Indexer and GraphQL at Stellar's Meridian conference in Madrid from September 26–28, 2023. The article shares their pitch deck with 13 slides showcasing the innovations. Contact details and source link are provided.

Pendulum's Q2 2024 roundup highlights the launch of their Forex AMM on Testnet powered by Nabla and progress on the Spacewalk bridge uniting Stellar and Polkadot ecosystems. Key developments include vDOT collateral from a successful Polkadot treasury proposal, stablecoin offramping to bank accounts, Soroswap integration, Subscan listing, and new liquidity pools on Zenlink for Stellar holders. Governance referendums advanced asset registrations and network upgrades.

MYKOBO is transitioning its EURC stablecoin on the Stellar blockchain to Circle's EURC, affecting over 25K asset holders. This move supports MiCAR compliance and expands services to Ethereum, Avalanche, and Solana. Current services will continue uninterrupted during the transition.