The post Inside the Stellar Ecosystem: Data-Driven Growth Across DeFi Protocols appeared on BitcoinEthereumNews.com.
The Stellar network, long recognized for its emphasis on speedy and low-cost payments, is subtly making its way into an exciting decentralized finance (DeFi) ecosystem. Through a set of imaginative applications, the Stellar blockchain is witnessing an upsurge in on-chain activity that, to many observers, seems to signal a fresh wave of adoption by developers and users who are actually diversified in use cases. This also seems to signal an emerging ecosystem of sorts. Although Ethereum and other big chains get most of the publicity, Stellar’s DeFi protocols are asserting themselves in more low-key fashion. They don’t get much in the way of good publicity. Yet, when you take a look at them, and you pull up their statistics, you can see that they’re getting some pretty decent traction. Respectable January volumes have made their way into February. Liquidity Grows Across Aquarius and Soroswap Stellar’s two most active platforms that focus on liquidity — Aquarius and Soroswap — are showing that a solid DeFi infrastructure is building on-chain. Aquarius, which aims to increase the decentralized exchange (DEX) liquidity on Stellar, has seen the total volume of swaps reach the $50 million milestone. With the volume of swaps remaining alive and active on a weekly basis, questions are being asked about whether this liquidity is truly deep and sustainable or just temporary flotsam and jetsam. That said, we will give Aquarius the credit it is due for being quite obviously the local automated market maker (AMM) in the Oasis ecosystem when looking across the total landscape. Soroswap, meanwhile, is operating as a full-scale liquidity engine. It has recorded more than $21 million in total swap volume, and the protocol is picking up speed. Weekly pool-specific volume reveals a broadening distribution of liquidity, supporting a much wider range of token pairs. Besides,…
