The Stellar Development Foundation released its Q1 2024 quarterly report highlighting major ecosystem achievements including the launch of smart contracts on Stellar, $3.2M in Stellar Community Fund awards, the introduction of the Soroban Audit Bank for security, and significant growth metrics including 8M+ network accounts and $1.6B in real world asset payment volume.
The Stellar Development Foundation published its Q1 2024 quarterly report detailing progress against its newly announced roadmap and North Stars. Key achievements include the live launch of smart contracts on Stellar, enabling DeFi ecosystem development. The Stellar Community Fund distributed $3.2M in lumens across three rounds to smart contract projects. SDF established the Soroban Audit Bank, a $1M security audit credit program coordinating with six top-tier audit firms to ensure smart contract safety. The network reached 8M total accounts, real world asset payments exceeded $1.6B in volume, and tokenized real world asset supply reached $533M. The foundation also announced Meridian 2024, a conference in London from October 15-17 celebrating a decade of Stellar impact, with speaker applications open through June 30.
