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Stacks
Matrixport Researcher on STX Token's Rapid Growth Amid Ordinals Interest
Stacks' STX token is the top performer in the CoinDesk Market Index (CMI) month-to-date and the third-best performer year-to-date. According to a recent Matrixport report, the popularity of Ordinals' NFTs could be the catalyst to push Stacks into a billion-dollar token. Matrixport Head of Research and Strategy Markus Thielen breaks down the potential of Stacks.
Open-Source Protocol Ren Token Surges 18% Amid Rising Interest in Multichain Projects
In November, following the protocol's loss of funding from Alameda, Ren accelerated its shift from Ren 1.0 to a more efficient, secure version.
Crypto Market February Roundup: Bitcoin Layer 2 Protocol Stacks, Ethereum Staking Derivative Tokens Surge
Stacks’ STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month.
Yuga Labs to Release New NFT Collection on Bitcoin Blockchain
Bored Ape Yacht Club parent Yuga Labs said the company is planning to release an NFT collection minted on the Bitcoin-based Ordinals protocol, which has steadily grown in popularity since its launch last month. Trust Machines CEO and Stacks co-founder Muneeb Ali weighs in on Yuga Labs' plans and the hype around Bitcoin "Ordinals."
Bitcoin Layer 2-Token Stacks Sees Interest Amid ‘Ordinals' Hype
The price of Stacks' native STX token has jumped in the last two weeks as prominent crypto investment funds turn to tokens of the so-called layer 2 companion chain for smart contracts focused on Bitcoin. Trust Machines CEO and Stacks co-founder Muneeb Ali shares his insights and gives his take on the Bitcoin Ordinals movement.
STX Perpetual Futures Open Interest Doubles to $80M as Traders Take Shorts
One analyst suspects traders are betting there isn't a follow-up to Bitcoin NFTs and the STX run is a flash in the pan.
Ordinals NFTs Can Make Stacks’ STX a Multibillion-Dollar Token: Matrixport
Stacks' ability to leverage the Bitcoin blockchain’s security for settlement of transactions positions the network well for developing Bitcoin decentralized finance, the report said.
Bitcoin Layer 2 Stacks Network's STX Token Spikes 50% as 'Ordinals' Boom
Stack Network is a Bitcoin layer 2 for smart contracts aimed at unleashing the world's oldest blockchain's potential as a programmable platform.
