Stellar's newly launched Soroban smart contracts platform addresses key Web3 pain points including liquidity fragmentation, high transaction costs, and accessibility. With 80,000+ USDC on-ramps globally, an established user base of 8.4 million accounts, and a $100 million SDF commitment to builders, Stellar offers a mature, scalable foundation for DeFi development.
Stellar has launched Soroban, a smart contracts platform built on Rust and WebAssembly that resolves major Web3 challenges for developers. The platform benefits from Stellar's global network of over 80,000 USDC on-ramps (39% in North America, 23% South America, 16% Europe, 10% Africa, 9% Asia), established user base of 8.4 million accounts with 16 billion operations, and low transaction costs through fine-grained metering and state expiration features. The Stellar Development Foundation is committing $100 million to Soroban projects, while the Stellar Community Fund has deployed $8 million in 2024. Notable builders include Soroswap (DEX), Band Protocol (oracle), Phoenix (DeFi hub), and Blend Protocol (lending/borrowing), each receiving SCF awards to develop ecosystem infrastructure.