Stacks is a leading Bitcoin Layer 2 network that introduces smart contracts and decentralized applications to the Bitcoin ecosystem via its unique Proof of Transfer (PoX) consensus mechanism and predictable Clarity language, without fundamentally modifying Bitcoin itself.
The native STX token powers the network by covering transaction fees, rewarding miners, and providing incentives for Stacking. The ecosystem currently supports $88.34 million in Total Value Locked (TVL) and over 1.6 million active wallets, pivoting past low protocol revenue to demonstrate substantial network adoption alongside 2,949 BTC pegged natively through the sBTC bridge.
The project successfully secured a total of $76.05 million in funding from Tier-1 investors including Union Square Ventures, Digital Currency Group, and Fenbushi Capital, punctuated by executing the first-ever SEC-qualified Reg A+ token offering.
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