Stellar Development Foundation's Q1 2023 quarterly review covering network growth to 7.3M accounts, $419M relevant asset transaction volume, Sorobon smart contract platform progress with two preview releases, and ecosystem initiatives including the $100M Sorobon Adoption Fund supporting developer adoption.
SDF held its Q1 2023 quarterly webinar reviewing progress across three strategic building blocks: making innovation easy and scalable, winning over builders, and building utility and trust. Network metrics showed 7.3M total accounts (up 15% YoY), 1B+ operations processed (up 21% YoY), and $419M relevant asset transaction volume, the highest since tracking began. Sorobon smart contract platform released two preview versions with account abstraction and improved debugging. The $100M Sorobon Adoption Fund distributed awards through StellarQuest (6,000 NFT badges), Fast Cheap and Out of Control ($100K to 165 developers), Sorobon-a-thon Equinox (77 submissions), and Stellar Community Fund (118 submissions, $1.2M awarded). Key partnerships included CoinMe integration for USDC on-ramps and MoneyGram's 2% global fee commitment. SDF expanded public visibility at major conferences and announced Meridian 2023 in Madrid for September 26-28.
