I just talked to a group friend about when the BTC ecosystem will explode, discussing capital, ecological gameplay, and chain performance, and in the end, we found that none of these are core issues. What is core?
I countered by asking if you are a large BTC holder, would you put your BTC on these chains to earn DeFi returns? You are already enjoying the dividends of asset appreciation as a large BTC holder. Of course, you want to further amplify the returns on your BTC, but the prerequisite for this demand is sufficient security. Yes, it's security; I must ensure that using my BTC for DeFi gains is sufficiently secure.
For example, the largest cross-chain version of BTC currently is wBTC, but it is centralized, and the market size is always limited. Despite this, the market size of wBTC still has 13.4 billion USD. This is also the reason I am paying attention to Stacks because its upcoming sBTC is essentially the most secure programmable BTC version available.
The adoption rate of sBTC is the core of Stacks, and then it adopts an ecological boosting model to accelerate the adoption of sBTC by supporting ecological projects. To put it simply, it's about providing incentives, and then the TVL continues to grow, further prospering the ecosystem, which will stimulate the accelerated adoption of sBTC.
In simple terms, once sBTC is released, Stacks must continuously stimulate sBTC using the ecological spiral gameplay. Satoshi Nakamoto has also laid a solid foundation for performance upgrades, and it is already ready to go. The most direct manifestation is the secondary price of STX. Just refer to the ecological spiral of Sui, and Stacks is currently doing this, for example, allocating 20 million USD to establish Bitcoin L2 Labs to build the ecosystem.
Let us await the launch of sBTC.