A study of the star formation history conducted in 2001 provide much information on how this galaxy developed. Apparently, the star formation rate in the Pisces Dwarf has been declining for the past 10 billion years. Most of the galaxy's stars were formed in its early years, about 8 billion years ago. The Miller study has also shown that there has been no significant star formation for the past 100 million years. Hence, most of the stars that populate this galaxy are old, metal-rich stars aged about 2.5 billion years. But there are small clusters of young, hot, blue stars on the outer areas of the galaxy.