Stellar recorded 3,922 monthly active developers at the end of September 2026, up 125% year over year, placing the network behind Ethereum but ahead of every other ecosystem. The quarterly average reached 3,661 developers, while full-time headcount stood at 475, up 30% year over year. Total network volume reached $33.2 billion in the third quarter, including $25.1 billion in stablecoin transfers, up 121% quarter over quarter. Stellar’s stablecoin market capitalization reached $496 million, while tokenized real-world assets totaled $4.1 billion, up 548% year over year.
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