The secondary market is favorable, you can add Stacks ( $STX ) to your watchlist, a hardcore BTC L2 recognized by overseas communities

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Why is the Stacks ecosystem almost up 15% today?

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First, the expectations: 3u

Stacks is a relatively old project, existing for 2 years, and can be considered the oldest BTC L2. It is also the first and only compliant ICO project that has received SEC certification in U.S. history.

The biggest expectation in the Stacks community right now is the launch of sBTC, so after the announcement of the sBTC testnet today, the entire ecosystem rose by 10%, including the ecological #memecoin.

sBTC is referred to as the decisive product on Stacks; it is the first trustless two-way Bitcoin pegging system that has the potential to expand decentralized finance (DeFi) applications on the Bitcoin base layer. Simply put, it directly erodes wBTC's market share. If launched on time, it will unlock billions of dollars in capital for Bitcoin DeFi on Stacks L2.

Macro events are just predictions; we only need to know that with the launch of sBTC, there will be many incentive measures, which will bring a significant flow of user funds to the ecosystem, directly empowering the tokens.

From the official updates, the Stacks ecosystem has allocated $20 million to accelerate the Stacks software upgrade and the upcoming sBTC.

In summary: As the oldest, largest, and true BTC L2, since completing the milestone update plan Nakamoto, its exchange speed has improved from several minutes to seconds, which can fully activate a larger ecosystem.

The upcoming launch of sBTC is aimed at activating BtcFi and attracting more funds into the ecosystem, leveraging BTC, which has the largest pool of capital, providing ample market imagination.