Stacks price soars amid spike in DeFi activity on Bitcoin L2

2024-6-6 20:09

Stacks (STX) price soared 11% to hit highs of $2.40 as Bitcoin broke above $71k. STX has gained amid a surge in DeFi activity on the Bitcoin Layer 2 for smart contracts.

The price of Stacks (STX) has jumped more than 11% in the past 24 hours to reach highs of $2.37, gains that rank STX as the top crypto gainer on the day.

According to data from CoinMarketCap, Stacks currently sits top ahead of Floki (FLOKI), ORDI (ORDI) and Cronos (CRO).

STX token’s 14% upside comes with a spike in daily trading volume, with over $275 million worth of the token traded in the past 24 hours.

Comparatively, FLOKI is up 10% at the time of writing after paring some of the earlier gains. The memecoin has seen about $1.2 billion in 24-hour volume.

Stacks price gains as Bitcoin surges to $71k

Stacks’ double-digit gains came as Bitcoin pierced the $71,000 mark and altcoins such as BNB soared to new all-time highs.

A look at the recent performance of Stacks shows STX has pumped nearly 30% in the past three days. Gains for STX currently stand at 305% over the past year.

On the other hand, Bitcoin price has jumped more than 170% in the past year, and reached an all-time high above $73k in March.

Stacks gains amid spike in DeFi activity

Stacks, a Bitcoin Layer 2 project, is witnessing the latest upward momentum amid fresh growth in its smart contracts ecosystem.

As a leading L2 for Bitcoin, Stacks has experienced decent traction with key projects launching to bring the value of a decentralized finance (DeFi) ecosystem on Bitcoin.

This week, and as the project moves towards its highly anticipated Nakamoto upgraded, the team shared major milestones with regard to top projects already taking the Bitcoin L2 space by storm.

Data from DeFiLlama shows the Total Value Locked (TVL) on Stacks has increased more than 400% in the past year. Currently, the TVL stands at $126 million.

While the TVL pales when compared to top DeFi platforms, its growth illustrates the potential that projects such as Bitflow Finance, Zest Protocol and Stacking DAO among others have.

Key protocols, which the project highlighted in its latest “DeFi show” include DEXs, lending and liquid staking.

STX price and news

STX price has also surged amid positive news in the crypto market. Earlier this year, Stacks soared to a new all-time high of $3.86 amid the spot Bitcoin ETF frenzy.

Recently, the token surged after Grayscale Investments announced the Grayscale Stacks Trust, which the digital asset manager said would solely focus on investing in STX.

The post Stacks price soars amid spike in DeFi activity on Bitcoin L2 appeared first on CoinJournal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Stox (STX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -27.73 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0131901 (-100%)

stx stacks bitcoin price highs defi amid

Источник: coinjournal.net

stx stacks → Результатов: 126


Какие токены могут выстрелить в начале следующего года?

Трейдер Джейсон Пиццино назвал пять альткоинов, которые, по его мнению, способны показать стремительный рост в первом квартале следующего года. Аналитик посоветовал обратить внимание на токены Curve Dao Token (CRV), Polygon (MATIC), Terra (LUNA), Stacks (STX) и THORChain (RUNE).

2021-12-2 14:57


BitGo предложил институционалам инструменты для получения дохода в биткоине

Кастодиан BitGo предоставил клиентам возможность получать доход в биткоине с помощью Stacks (STX), нативного токена проекта Blockstack. JUST IN: @BitGo integrates $STX 🔥"BitGo Co-founder and CEO @mikebelshe said his company integrated Stacks because financial institutions have been looking for a secure access point to the DeFi market.

2021-10-26 13:08


Фото:

I’m investing in Stacks (STX) in October 2021 and this is why!

Stacks STX/USD is a layer-1 blockchain solution specifically designed to bring smart contracts as well as decentralized applications (dApps) to Bitcoin (BTC).  These can be brought into the blockchain network without needing to change any of the features that make it as powerful as it is, which means that there is no alteration to neither […] The post I’m investing in Stacks (STX) in October 2021 and this is why! appeared first on Invezz.

2021-10-19 16:39


ТОП-6 прибыльных альткоинов прошлой недели

В этой заметке мы расскажем о шести альткоинах, которые продемонстировали наилучший прирост цены на прошлой неделе. Итак, среди таких: NuCypher (NU): 450% Stacks (STX): 46% Ark (ARK): 45% Perpetual Protocol (PERP): 38% SHIBA INU (SHIB): 22% Polkadot (DOT): 21% NuCypher (NU) 14 октября малоизвестный токен NuCypher вырос почти в четыре раза.

2021-10-18 12:12


Stacks Price Prediction 2022 – 2025 – 2030 | STX Price Forecast

In this guide, we will voice our own and market’s opinion on STX future while discussing Stacks price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Stacks Price Prediction 2022 – 2025 – 2030 | STX Price Forecast appeared first on CaptainAltcoin.

2021-10-8 16:53


Фото:

Blockstack: после запуска блокчейна Stacks 2.0 токены STX перестанут быть ценной бумагой

После запуска блокчейна Stacks 2. 0 в январе 2021 года Комиссия по ценным бумагам и биржам США (SEC) больше не сможет рассматривать токен STX как ценную бумагу, а биржи добавят его в листинг, заявил нью-йоркский стартап Blockstack.

2020-12-9 13:48


Blockstack: «STX перестанет быть ценной бумагой после запуска блокчейна Stacks 2.0»

Blockstack утверждает, что после запуска блокчейна Stacks 2.0 в следующем месяце SEC не сможет рассматривать криптоактив STX как ценную бумагу, а биржи добавят его в листинг.

2020-12-9 17:30


Blockstack направит токены на $27 млн в Stacks Foundation для повышения децентрализации

Блокчейн-стартап Blockstack предоставит Stacks Foundation 100 млн токенов STX для повышения степени децентрализации сети. В компании рассчитывают, что это поможет выходу из-под надзора Комиссии по ценным бумагам и биржам США (SEC).

2020-8-11 16:50


Блокчейн-проект Blockstack планирует выйти из-под опеки SEC

Поднадзорный Комиссии по ценным бумагам и биржам США (SEC) стартап Blockstack планирует повторно провести тест Хауи в отношении токенов Stacks (STX) и прекратить выполнение предписаний регулятора. Это следует из годового отчета компании.

2020-5-1 16:06


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru