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Articlethedefiant.ioSquiffs1y ago

Stellar Network Aims to Become Top 10 DeFi Chain

Stellar aims to become a top 10 DeFi chain by TVL, targeting $1.5 billion from current $48 million. The network has seen explosive growth since Soroban smart contracts launched in 2024, with daily contract interactions exceeding 400,000 and weekly fees hitting their highest level since 2021.

DeFiReal World AssetsSmart Contracts
Lumen Loop's take

Stellar is pursuing an ambitious strategy to establish itself as a major DeFi and real-world asset blockchain. Since launching Soroban smart contracts in 2024, the network has experienced rapid growth: daily smart contract interactions reached over 400,000 by Q1 end, and weekly fees hit their highest level since 2021. Stellar's primary goal is to reach $1.5 billion in DeFi TVL (currently $48 million) to rank as the 9th largest blockchain by TVL. The network also aims to grow monthly active addresses to 5 million and cement its position in the RWA sector, targeting $3 billion in tokenized assets by onboarding institutional issuers. The Stellar Community Fund has already distributed $40 million to over 600 projects, supporting builders in scaling their products.

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