Stellar registered its busiest day of the month on October 23, processing 14.16 million transactions at an average speed of 163.9 transactions per second, according to Chainspect. The elevated activity continued into October 24, when temporary throughput spikes reached 224.6 TPS.
Notably, the network maintained economic stability under pressure. Unlike many major blockchains where traffic surges clog networks and raise gas fees, Stellar kept the average fee at just $0.00012. A similar spike on October 11 saw 12 million transactions at 139 TPS with equally low transfer costs.
The performance follows recent infrastructure improvements, including the September Protocol 28 (“Adapter”) upgrade that rebuilt throughput mechanisms and produced a peak of 217.4 TPS over a 100-block window on September 26. Chainlink price data feeds launched on October 14, and developers are now preparing for Protocol 30 (“Bell”), which will be voted on in the coming days.
Driving the transaction surge was large capital flowing into stablecoin and tokenized real-world asset sectors. In Q3 2025, total financial volume on Stellar reached $33.2 billion, up 71% quarter over quarter. Stablecoin transfer volume rose 121% to $25.1 billion, up 314% year over year, helped by USDT0, which generated $200 million in turnover in ten weeks. RWA-class assets on the blockchain reached $4.1 billion, including the first institutional repo deal with automatic rollover collateralized by U.S. Treasuries via USDM1 tokens.
Stellar now ranks second globally among Layer 1 networks by active developers, with nearly 4,000 specialists building on the platform. The network has maintained 99.99% uptime and surpassed 11 million total accounts, reinforcing its position as a payment highway for large regulated capital.
