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 STX token has benefited from the Ordinals boom, and its price is up 300% in 2023 — most of that coming in late February

STX Price Stacks Up Well, Outperforming Bitcoin

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STX Price Stacks Up Well, Outperforming Bitcoin
(Source: Blockworks)

The native token of Bitcoin layer-2 protocol Stacks (STX) has seen its value soar this year with its performance continuing to carry over into March, edging it to a top spot this week.

Following the buzz generated by the Ordinals on Bitcoin, which opened the floodgates for non-fungible token use cases on the world’s oldest blockchain, STX is riding shotgun.

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STX Price Stacks Up Well, Outperforming Bitcoin. (Source: Blockworks).