Lumen Loop
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Articlenormalfi.substack.comJustin Benjamin4mo ago

Normal 2025 Recap

Normal's 2025 recap highlights its evolution from a centralized product to a fully self-custodial, decentralized protocol built on Stellar. Key achievements include 30,000 lines of smart contract code for wallets, AMMs, DEX, synthetic assets, and on-chain indexes, a Halborn security audit backed by SDF, and a Stellar Community Fund grant. The team expanded with key hires like CTO Jay and frontend lead Niko, while hosting global community events.

DeFiSmart ContractsSecurity
Lumen Loop's take

In 2025, Normal transformed into a fully decentralized protocol on Stellar, featuring self-custodial wallets, AMMs, a DEX, synthetic asset infrastructure, and customizable on-chain crypto index tokens, backed by over 30,000 lines of production-grade Soroban and Rust code. The project underwent a comprehensive Halborn security audit supported by the Stellar Development Foundation, enhancing its threat models and protocol safety. Normal secured a grant from the Stellar Community Fund to fuel further development and ecosystem integrations. Team growth included Jay advancing to CTO after starting at ETH Denver, Niko Gorjan joining for frontend design, Amit Anand as Head of Marketing, and Jake Penzato as Creative Director. Community engagement spanned events in Denver, Bangalore, and Rio at Stellar Meridian. This year marked Normal's shift to on-chain logic, user asset ownership, and building serious infrastructure for crypto investing.

Mentioned projects
2 projects linked
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HalbornInfrastructure & Services
SecurityAuditing

Blockchain security firm offering smart contract audits, penetration testing, and advisory services for digital assets.

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Normal FinanceFinancial Protocols
SCFAudited
SyntheticsDeFi

Normal Finance is a multi-chain synthetic asset protocol that enables investors to gain exposure to various assets, asset indexe…

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