Stellar Half-Year Report – H2 2024

During the second half of 2024, the Stellar network achieved notable advancements such as the launch of Protocol 22 on December 5, which improved smart contract efficiency and privacy through new cryptographic functions. The introduction of Galexie, part of the Composable Data Platform, enhanced data scalability and retrieval. Stellar’s strategic collaborations with companies like MoneyGram, Stripe, and Paxos aimed to enhance global financial accessibility and versatility. These efforts were underscored by the Stellar Community Fund’s initiatives, supporting ecosystem innovation and developer engagement. On-chain activity saw a significant increase, marked by over 2 million daily transactions in November and a rise in active users, highlighting Stellar’s expanded influence. The period was characterized by technological progress, growing ecosystem participation, and a global push for regulatory harmonization, paving the way for Stellar’s continued growth and cross-chain opportunities.