SDF Q2 2024 review highlights 8.4M network addresses, $1.8B real-world asset payment volume, $5M SCF awards to 107 projects, and progress on state archival to address blockchain scalability.
The Stellar Development Foundation held its Q2 2024 quarterly review, presenting major ecosystem progress across three North Stars. Network metrics showed 8.4M total addresses (up 400K in Q2), $1.8B real-world asset payment volume, and $3.9B total volume including DEX trades. The Stellar Community Fund awarded $5M to 107 projects, 86 building on Soroban. Key developments include MoneyGram's two-year anniversary with 30 wallet integrations, WisdomTree Prime expansion to 41 US states, Bitstamp stablecoin listings, and new state archival proposal addressing blockchain state bloat. SDF invested $7.8M in companies across Colombia, Nigeria, and the US, plus $2.4M with Draper University for founder mentorship. Smart wallet development with passkey biometric features is underway. Meridian conference announced for October 15-17 in London.
