The Stellar network recently morphed into a smart contract-enabled layer-one chain to support web3 project development.
The Stellar ecosystem is backed by reputable web3 investors, thus bolstering the XLM’s bullish outlook.
The Stellar (XLM) network has grown to a mature web3 ecosystem, with more than 81k onramp locations globally. Having issued more than 255 grants in the past two years, the Stellar network has attracted first-class web3 developers. Furthermore, the Stellar network is currently home to dozens of web3 protocols including ZettaBlock, Bank Protocol, Block Daemon, Allbridge, and Validation Cloud, among many others. 
As Crypto News Flash previously reported, the Stellar network has become a major hub for real-world assets (RWA) tokenization. Already, the Stellar network has been working closely with several firms in RWA tokenization including Circle Internet Financial, Franklin Templeton, the UN Refugee Agency (UNHCR), WisdomTree, and BlackRock, among many others.
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