2024-10-16 17:20 |
Dune, the blockchain analytics platform, has announced the full integration of Stellar, the open-source blockchain network known for cross-border payments and asset tokenization.
This collaboration enables developers, analysts, and blockchain enthusiasts to access Stellar’s on-chain data through Dune’s advanced analytics tools, opening new possibilities for exploring global payment trends and decentralized finance (DeFi) use cases.
Stellar’s focus on cross-border efficiencyStellar has built its reputation by facilitating efficient, low-cost cross-border transactions.
The network’s native cryptocurrency, Lumens (XLM), plays a key role in bridging currencies and minimizing transaction fees.
Its anchor system enables users to tokenize and exchange assets—such as dollars, euros, and cryptocurrencies—making it a popular solution for remittances and other financial services.
The design of Stellar simplifies transactions between financial institutions and individuals, eliminating the need for traditional intermediaries.
This positions the network as a strong contender in the cross-border payments space, fostering greater financial inclusion.
What Stellar’s integration with Dune offersWith Stellar now live on Dune, users can access extensive data to analyze network performance, transaction activity, and asset tokenization.
The platform allows users to build custom dashboards or leverage pre-built visualizations, providing deeper insights into Stellar’s ecosystem.
Fredrik Haga, Co-Founder and CEO of Dune highlighted the value of the integration:
With Stellar on Dune, we’re offering the community a chance to explore on-chain data crucial for understanding the dynamics of global payments and asset tokenization. Communities can now analyze key metrics, including transaction volumes and token transfers, refining use cases in areas like remittances and DeFi.
Driving blockchain adoption through real-world dataTomer Weller, Chief Product Officer at the Stellar Development Foundation, emphasized how the integration with Dune supports the growth of blockchain technology:
Stellar data being available on Dune gives developers and analysts access to data our ecosystem can use to drive innovation. Real-world utility will drive blockchain adoption, and Dune will help tell the story of the impact Stellar is having.
Dune’s platform extends its functionality with the Dune API, enabling users to convert queries into API endpoints. This feature offers developers programmatic access to Stellar’s on-chain data, streamlining the integration of analytics into various applications.
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