Denelle Dixon, CEO of the Stellar Development Foundation, has revealed explosive growth for the Stellar network in the third quarter of 2025, highlighting a 700% quarterly increase in smart contract invocations alongside a 37% growth in full-time developers. This surge in activity is bolstered by real-world asset (RWA) volume reaching $5.4 billion, positioning Stellar as the fourth most active blockchain according to metrics from Chainspect.
Dixon emphasized that "the momentum is measurable and it's accelerating," pointing to key integrations such as the launch of PayPal USD (PYUSD) on the Stellar network in September, which leverages the Stellar Asset Contract for seamless compatibility. Additionally, Circle's Cross-Chain Transfer Protocol (CCTP) V2 and the Whisk (Protocol 23) update—one of the most significant network enhancements since Stellar introduced smart contracts—were deployed, improving interoperability and developer tools.
Other milestones include a partnership with Pantera Capital to accelerate ecosystem growth and the network surpassing 100 million smart contract transactions in August. However, Dixon noted the challenge lies in converting this heightened activity into sustained value for the XLM token, which was trading around $0.305 at the time of the report.
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