Stellar Developer Activity Skyrockets 125% as XLM Outpaces Solana
Stellar has seen a significant surge in developer activity, with a 125% year-over-year growth in monthly active developers to an all-time high of 2,968. This puts Stellar second globally behind Ethereum and ahead of Solana and Bitcoin according to Electric Capital metrics.
The increase is not just due to curiosity but reflects the growing use of Stellar for building practical financial tools focused on payments, remittances, and tokenized real-world assets. The network's low fees, high reliability, and focus on accessibility continue to attract teams targeting emerging markets in regions such as Nigeria, India, Turkey, and Brazil.
The growth is attributed to the Stellar Development Foundation's targeted programs, including hackathons and multiple rounds of the Stellar Community Fund. These efforts have helped convert interest into sustained building activity, unlike growth driven purely by short-term incentives.
Stellar's ability to attract and retain builders while other ecosystems cooled suggests the network is carving out a distinct role in on-chain finance. The result has been described as confirmation that developers see Stellar (XLM) as a place to build the future of finance.