**Stacks (STX) Token Surges Ahead of Major Upgrade**
Stacks (STX), the native token of the Bitcoin-focused Stacks layer-2 platform, has seen a 30% rise over the past week, outpacing Bitcoin's 7.5% increase. This surge comes as the community gears up for the Nakamoto Release, set for activation on October 9. The upgrade aims to enhance Bitcoin's DeFi capabilities with faster transactions and the introduction of sBTC, a Bitcoin-pegged token.
The Stacks Foundation has announced over 20 global developer workshops to celebrate this milestone. Additionally, smart contract deployments on Stacks hit a record high in August, and DEX trading volume on the network skyrocketed by over 31,300% in September.
With Bitcoin's price on the rise and increased interest in layer-2 solutions, Stacks is positioning itself as a key player in the Bitcoin ecosystem.