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.

STX news today, Stacks crypto latest news of token ticker

Stacks

STX's price experienced a remarkable surge of 330% QoQ, marking its highest price in almost a year. There was also a notable increase of 34% in average daily transactions and a 35% rise in active addresses.

State of Stacks Q1 2023

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State of Stacks Q1 2023 Report by Messari
Messari released its State of Stacks report 🚀

Key Insights
⭐️ Average daily transactions and average daily active addresses increased 34% and 35% QoQ
⭐️ Ordinals and Inscriptions proved that the Bitcoin ecosystem has a serious demand for NFTs, fungible tokens, and DeFi. Stacks is perfectly positioned to meet that demand, with its added functionality and deep Bitcoin compatibility.
⭐️ Stacks 2.1 enabled trust-minimized bridging to Bitcoin and decentralized mining pools. Bitcoin assets bridged to Stacks such as sBTC and sOrdinals can be incorporated into sophisticated applications that wouldn’t be possible on Bitcoin.

Full report can be found here 👇

State of Stacks Q1 2023 Report by Messari. Messari released its State of Stacks report. Key Insights.