What Shipped
October has been an exciting month in the blockchain space, especially for projects focusing on expanding the use of decentralized finance and cross-border payments. One standout development is the launch of Etherfuse, a project aiming to bring 100 sovereign national currencies onto the blockchain. This means that many countries’ official money could soon be represented digitally and transacted securely on public blockchains. This effort is part of a broader move to improve financial inclusion and create seamless, low-cost global transactions.
Additionally, the Stellar network has rolled out its Protocol 24 upgrade, which includes improvements to network speed, security, and smart contract capabilities. This upgrade helps developers build better applications on Stellar, supporting everything from payments to asset issuance.
In the ecosystem news, Stellar held its i³ Awards 2025, spotlighting innovative projects and teams pushing blockchain technology forward. These kinds of events encourage collaboration and highlight real-world use cases that benefit both developers and users.
Why It Matters
Bringing sovereign currencies onchain through projects like Etherfuse is a game-changer. Traditionally, national currencies are controlled by central banks and moved through slow, costly banking systems, especially across borders. By digitizing these currencies on blockchains, transactions can become faster, cheaper, and more transparent. This is particularly important for people in countries with less developed banking infrastructure or those who frequently send remittances abroad.
The Protocol 24 upgrade on Stellar improves the network’s capacity to handle more complex financial products and services. By enhancing speed and security, it lays the foundation for blockchain to support more everyday financial activities, making it easier for businesses and individuals to adopt decentralized finance (DeFi).
Events like the Stellar i³ Awards promote innovation and community growth, which are essential for the long-term success of blockchain projects. They help identify promising ideas that might become the next big thing in crypto and finance.
Builders’ Corner
For developers and blockchain enthusiasts, the recent updates offer exciting opportunities:
- Etherfuse: Developers interested in stablecoins and digital currencies can explore integrating sovereign currencies into their dApps (decentralized applications), opening doors to new use cases like cross-border payments and digital identity verification.
- Stellar Protocol 24: This upgrade introduces new features and improvements that make it easier to build scalable financial applications. Builders should review the official upgrade guide to understand how to leverage these changes.
- Community Engagement: Participating in events like the Stellar i³ Awards can help developers showcase their projects, get feedback, and connect with potential partners and investors.
Meanwhile, other notable projects like Ripple, Hedera Hashgraph, Flare Network, and the XDC Network continue to evolve. These platforms focus on improving transaction speed, security, and interoperability between blockchains, which are crucial for building a connected and efficient decentralized ecosystem.
Quick Prices
As of October 31, 2025, here’s a quick look at some key cryptocurrency prices and their recent changes over the past 24 hours:
- Bitcoin (BTC): $110,055 (-0.62%)
- Ethereum (ETH): $3,852 (-1.74%)
- Ripple (XRP): $2.49 (-3.51%)
- Stellar (XLM): $0.30 (-4.10%)
- Hedera Hashgraph (HBAR): $0.19 (-7.13%)
- Flare Network (FLR): $0.016 (-3.59%)
- XDC Network (XDCE): $0.059 (-1.85%)
While there has been some downward pressure on prices recently, these fluctuations are common in the crypto market. The long-term potential remains strong as projects continue developing new technology and expanding adoption.
What to Watch
- Etherfuse Progress: Keep an eye on how quickly Etherfuse can onboard sovereign currencies and the partnerships it forms with governments and financial institutions.
- Stellar Protocol Adoption: Watch for new dApps and services launching on Stellar that take advantage of Protocol 24’s features.
- Ripple’s Legal Developments: Ripple has been involved in ongoing legal battles, and any resolution could significantly impact XRP’s market outlook.
- Interoperability Efforts: Projects like Flare Network and XDC Network focus on connecting different blockchains. Progress here could unlock smoother asset transfers and collaboration across ecosystems.
- Market Sentiment: Despite recent dips, broader crypto adoption and institutional interest continue to grow, which can drive future price increases.
TL;DR: This month’s big news centers on Etherfuse’s plan to put 100 national currencies on blockchain—making global money movement faster and cheaper. Stellar’s Protocol 24 upgrade boosts network speed and security, helping developers build better finance apps. Prices have dipped slightly but remain strong overall. Keep watching for new partnerships, technological upgrades, and market shifts that could shape the future of blockchain finance.
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