Stacks, a Bitcoin layer-2 protocol enabling smart contracts, ranks first in Bitcoin usage according to Bitfinex. The protocol has moved over 4,000 BTC (around $400 million) through its Proof-of-Transfer consensus mechanism since 2021, with more than 5,000 BTC deposited in its native Bitcoin-backed asset, sBTC. Bitfinex supports Stacks beyond listing its STX token by acting as a network signer, enhancing security and liquidity. This highlights growing institutional interest in Bitcoin layer-2 solutions and the potential for more native Bitcoin DeFi applications.
Injective (INJ) surged 13.14% to $8.04, leading gains among the top cryptocurrencies on Nov. 4, with 84 of the 90 largest coins rising. Other notable gainers included Pearl (PEARL), Stacks (STX), Algorand (ALGO), and Zcash (ZEC), each up over 10%. Me...
Stacks (STX) surged 9.99% to $0.360, leading gains among the 90 largest cryptocurrencies as 77 advanced over 24 hours. Other notable winners included Injective (INJ) up 9.37%, Pearl (PEARL) up 8.29%, Render (RENDER) up 7.26%, and PancakeSwap (CAKE) u...
Lighter (LIT) token showed the strongest weekly recovery, rebounding 34% from its low to $3.45 as of November 4. Other notable weekly rebounds included LayerZero (ZRO) up 31% and Stacks (STX) up 29%. Bitway (BTW) experienced the largest weekly drop, ...
ENA topped the Korean market interest index at 80.6 points, showing a domestic trading share 10.4 times higher than overseas. ONDO and STX also had significantly higher domestic trading shares, with STX showing the largest concentration. MNT recorded...
STX tops the Korean crypto interest index with a score of 86.3, showing a domestic trading share 51.5 times larger than its global share. Other notable assets with strong domestic trading include ENA and WLD. BTC has a smaller domestic share compared...
