Nansen and Slice Analytics released a comprehensive H2 2024 report on the Stellar ecosystem, highlighting Protocol 22's launch, Galexie data platform, Anchor Directory expansion to 180 countries, and significant partnerships with MoneyGram, Stripe, and Mastercard. On-chain metrics show steady growth with daily transactions reaching 2.4M and active addresses peaking at 172K, driven by regulatory optimism and ecosystem maturation.
This Nansen research report provides an in-depth analysis of Stellar's H2 2024 performance, covering major technological advancements and ecosystem developments. Key highlights include Protocol 22's December 5 launch with Soroban constructors and BLS12-381 cryptography for privacy applications, Galexie's efficient ledger data extraction reducing reliance on Captive Core, and the Stellar Anchor Directory becoming browsable across 180 countries. The report documents significant enterprise partnerships announced at Meridian 2024, including MoneyGram's Stellar-based wallet, Stripe's crypto payouts, Mastercard's credential solution, and Paxos's USDL stablecoin integration. Ecosystem growth is evidenced by DeFi launches (Aquarius AMMs, BondHive), enterprise integrations (Paychant, Validation Cloud, Decaf Wallet), and RWA tokenization efforts (Etherfuse's $3M seed round). On-chain data reveals consolidation through November followed by breakout growth, with daily transactions stabilizing around 2M and active addresses surging to 172K in November, primarily driven by centralized exchange activity and regulatory tailwinds.
