Stellar Development Foundation Q2 2024 in Review

Today the Stellar Development Foundation (SDF) released its Q2 2024 report. Halfway through the year, the report outlines the latest achievements structured within our roadmap.

Here is a summary of the highlights:

• Total addresses on the network surpassed 8.4 million, growing by over 400,000 addresses within one quarter.
• Real world asset supply hit over $598 million dollars at the end of Q2 and has continued to increase.
• Tokenization on Stellar is on a roll. WisdomTree announced expanded access to assets, making their retail financial app, WisdomTree Prime, available in 41 states representing 75% of the U.S. population.
• This was a strong quarter for the Enterprise and Matching Funds, which invested over $7.8 million dollars in companies building the future of financial services in Colombia, Nigeria, and the US.
• We celebrated 2 years of MoneyGram Access, which has been monumentally important in expanding what builders can do on Stellar, and who they can reach. This solution has provided new utility for things like remittances, in small but meaningful amounts, in key markets. It is the foundation for award-winning innovations like Stellar Aid Assist and the Stellar Disbursement Platform. More recently, with the launch of Soroban smart contracts ushering in cash-to-defi capabilities, we’ve entered a new phase of seeing what builders and users will do with this utility.
• Soroban adoption and development are progressing up and to the right, at a steady pace:
  • We’ve mobilized many resources around developer education and engagement, funding support for projects, and Soroban development. The result has been an uptick in new devs building new projects, bringing new volume and reach to the network.
  • In Q2, the Stellar Community Fund awarded over $5 million dollars worth of lumens to 107 projects, 86 of which are building on Soroban.
  • And we’ve landed on a new state archival proposal that sets out to solve blockchain's biggest scalability problem: state bloat. It has ignited exactly the kind of discussion in the industry that we want to lead.

Check out the report to learn more about these highlights and other strategic achievements from this quarter. You can also watch the Q2-in-review webinar below, where Denelle Dixon, CEO and Executive Director, was joined by Justin Rice, VP of Ecosystem, and Jason Chlipala, Chief Business Officer, to cover growth metrics for the Stellar network and other highlights and accomplishments.