Stacks is an asset of a blockchain network designed for the Web 3 network and decentralized assets. The features and advantages of the project are ease of development, the use of a decentralized Gaia data storage network, a configurable not only Proof-of-Work mechanism, but also the reuse of hash power.

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Stacks

The already-fast growth on Stacks may further accelerate as new features are deployed on mainnet. The upcoming Nakamoto release aims to benefit DeFi UX with shorter block times, and the launch of sBTC aims to grant Stacks users access to a massive amount of BTC liquidity via a trust-minimized bridge.

State of Stacks Q2 2023

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🟧 Messari Released its State of Stacks Q2 2023
🎯 Stacks’ market cap is up 53.3% YTD, fueled by Ordinals and other activity on Bitcoin.
🎯 TVL (USD) set its yearly high of $36.0 million, and TVL (STX) set its all-time high of 56.4 million STX.
🎯 sBTC is still in development, with the aim to grant Stacks access to a massive amount of BTC liquidity via a trust-minimized bridge.

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Messari Released its State of Stacks Q2 2023. Stacks' market cap is up 53.