Stellar launches Soroban smart contracts platform, enabling a new DeFi ecosystem on the network. Built with Rust and WebAssembly for developer familiarity, Soroban maintains Stellar's focus on low costs, scalability, and financial inclusion while protocols like Soroswap and XycLoans already deploy on mainnet.
Stellar has launched Soroban, its smart contracts platform, marking a major evolution from its decade-long focus on permissionless payments. Soroban uses Rust and WebAssembly to lower barriers for developers transitioning from EVM or Rust ecosystems, enabling new dApps and DeFi protocols previously impossible on Stellar. The platform implements fee and metering systems to ensure efficient resource usage and maintain Stellar's hallmark low transaction costs and scalability. Early adopters include Soroswap (AMM) and XycLoans (lending protocol), with potential for protocols from Ethereum and Solana to expand to Stellar. Leveraging existing integrations with Circle and Coinbase, Stellar aims to bring accessible DeFi to underbanked populations and crypto-native users alike.
