Stacks (STX) Surges 30% Ahead of Nakamoto Upgrade and Stablecoin Launch!
Stacks’ STX token, a Bitcoin-focused layer-2 smart contract platform, has surged 30% in a week, driven by Bitcoin’s rally and the impending Nakamoto upgrade.
- STX Rally: +30% in seven days, trading volume doubled to $148.2 million.
- Nakamoto Upgrade: Scheduled for October 9, this upgrade will introduce the Bitcoin-pegged sBTC stablecoin, speeding up transactions and facilitating DeFi on Bitcoin.
- Booming Ecosystem: Smart contracts growth (+30% in August) and DEX trading volume on Stacks explodes (+31,300%).
- Bitcoin Effect: Bitcoin’s price increase and Bitcoin ETF approval boost demand for STX, which hits a high of $2.07.
Stacks is increasingly positioning itself as a key player in the development of Bitcoin Layer 2, riding the momentum of the king of cryptos.
