- Denelle Dixon, the CEO of the Stellar Development Foundation has shared her exuberance on being part of the project for the last two years.
- Since her arrival much has changed and with it, a spike in the Stellar XLM price which has more than doubled in the last 3 months.
While the crypto market is largely dominated by men, there a number of women leading the way to see the space equally represented. One of these is Denelle Dixon. She came into the limelight after joining Stellar as the chief operating officer. This was two years ago, and she has been celebrating the ‘exciting, challenging, inspiring years’ she has spent with the project.
According to a blog post she wrote, it was really challenging at first, having to quickly get to grips with the technology, team and aim of the Stellar Development Foundation (SDF). If any of this was a miss, it was almost certain that she would drive the entire project to its end. After an unwavering dedication, in about five months, she was up to speed and knew exactly what everyone expected of her.
I had to learn so much, dig into the technical pieces, target network effects, hire the phenomenal team that we have, and focus on how to grow and support the network and the ecosystem through building business relationships.
Stellar validators test
She has highlighted major events in her journey. Predominantly, earlier in the year, the resilience of the project was tested. On April 06 2021, SDF validators halted. This almost caused the public Horizon API to go down. On this day, the CEO says she learnt two critical lessons. One was on the power of decentralization which prevented the Horizon to go down and the other was one the commitment by her team and the wider Stellar ecosystem. First, the team was able to identify and release a new protocol in a matter of days. The ecosystem on the other hand remained stable with investors not panic-selling.
Sometimes, it is through those hard problems we face that reveal the true grit, resilience, and soul of an organization and of an ecosystem. April 6 was that day for Stellar and SDF.
Another key moment highlighted by the CEO is what was the project’s very first SDF quarterly call back in 2019. In an aim to be more transparent and open, Dixon notes that this was the first time she, ‘pulled together the work of the SDF and the ecosystem in a comprehensive format that could be used to gauge how we were doing on our path to the success of Stellar.’
Finally, Dixon has called on the entire ecosystem to work together and continue showing the same grit and resilience seen in the last couple of years. But despite the resilience, some market observers argue that there has been little to report on Stellar’s developments compared to its peers.
XLM price analysis
Stellar (XLM) has been showing a lot of strength in recent days. In the last 24 hours, the token has gained more than 10%. At the time of press, it is exchanging for $0.58 with a market cap of $13 billion making it the 15th largest coin in the market. Compared to its 2018 ATH, XLM is still roughly 40% below this.