Stellar Developer Activity Surges Past Solana, Bitcoin
The Stellar network has reached an all-time high in developer activity, surpassing Solana and Bitcoin. According to Scopuly, there were 2,968 monthly active developers on Stellar as of June 30, a 125% year-over-year increase.
This growth is concentrated in specific regions, including Nigeria, India, Turkey, and Brazil, where builders are targeting practical financial applications rather than speculative experimentation. Funding activity has also followed this trajectory, with $5.5 million distributed to 55 companies through Stellar Community Fund rounds.
The network's real-world assets have crossed the $3 billion mark, while stablecoin transfer volume reached a record $11.4 billion in Q2. Analyst Aragorn Windbreaker is watching XLM price structure closely, identifying a wave count that could lead to targets near $4.21 and $33.