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STX
OG Bitcoin L2 Stacks Is Getting a Major Overhaul
The Nakamoto update will decouple block production from Bitcoin itself, solving the problem of network congestion Stacks has had since it launched its mainnet in 2021.
Bitcoin Layer 2 Stacks' Token a Top Performer in March
STX has gained 23% for the month and is up 350% over the past year.
Ordinals NFTs Could Make Stacks’ STX a Multibillion-Dollar Token: Matrixport
Ordinals' non-fungible tokens (NFT) have the potential to push Stacks Network's STX into a billion-dollar token, Matrixport said in a recent research report. The firm's Head of Research and Strategy Markus Thielen joins "First Mover" to discuss and weigh in on the hype around Ordinals protocol.
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.
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.
Hype Around Bitcoin Ordinals, DeFi Drives Crypto Funds to Stacks Network
Prominent crypto investment funds are turning to tokens of the Stacks Network as they bet on the growth of Bitcoin. Demand for Stack’s STX tokens has increased since the arrival of the Ordinals protocol, which went live on Jan. 21 and allows users to inscribe references to digital art into small transactions on the Bitcoin blockchain. "The Hash" panel discusses what this means for the future of Bitcoin and the state of DeFi.
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.
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.
