Soroban smart contracts platform launches on Stellar mainnet with $100 million adoption fund committed by SDF. The fund has already supported 160+ projects building DeFi applications on Stellar.
The Stellar Development Foundation announced that Soroban, its smart contracts platform, is now live on Stellar mainnet, enabling developers to build and deploy decentralized applications. SDF committed $100 million to support projects leveraging Soroban's smart contract capabilities, with 160+ projects already funded and 15% of the fund deployed during the two-year testnet phase. Soroban offers lower fees, faster transactions, and built-in contracts compared to other platforms. The launch enables more sophisticated financial products on Stellar beyond payments, with notable projects including Axelar, Allbridge, Band Protocol, Soroswap.Finance, and Blend already building on the network.
