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Bitcoin is the strongest foundation for building equally robust financial infrastructure with Bitcoin L2s. 🧡 Stacks Developer Advocate Kenny Rogers breaks down why Bitcoin matters and how it powers the future of decentralized finance. 👇
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We're excited to see @axelar integrate with Stacks 🧡 Axelar is a leading bridge, operating with institutional excellence. Axelar enables permissionless connectivity across major blockchain networks including Bitcoin, Ethereum, EVM chains, IBC, Hedera and 64 more chains.
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It's important to highlight that Stacks has always been the Bitcoin L2 most connected to Bitcoin 🟧 1. Transactions on the L2 are secured by 100% of Bitcoin's security budget. 2. A native smart contract language built for a Bitcoin L2. Clarity code can verify Bitcoin-specific information. 3. A decentralized way to move your BTC to the L2 without a single custodian, building toward an open membership network of Signers. 4. Bitcoin is deeply integrated within Stacks' consensus mechanism. 5. You can earn native BTC by stacking STX to secure the network. 6. Stacks has its own Bitcoin (BIP) inspired improvement proposal process (SIP), based on Bitcoin's decentralization ethos. 7. Builders on Stacks (Xverse, Leather, Bitflow, Hermetica, etc.) have been at the forefront of innovation on the Bitcoin L1 and leading L2. There's many more reasons why. These are important features making Stacks extremely unique, novel, and leading.
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After the first cap of 1,000 sBTC has been reached, the BTC is now slowly trickling down into the Decentralized Finance applications on Stacks. Efforts are underway to scale this momentum exponentially in the coming weeks and months. Stay tuned! 🧡
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Stacks is a proud #7 fastest growing ecosystem in 2024 🧡 In 2025, this will accelerate further with new teams building with sBTC. - Data by @ElectricCapital
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