defi: Stacks (STX) - June 2024 Price Update - 7% Breakout Crypto News and Analysis

Trade hard. Joy is coming

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. 🟠 On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. 🟠 On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

Football coach and sports analyst

Spot the Main Event:

DeFi activity on @Stacks is experiencing significant growth. ​ In the past year, Total Value Locked (TVL) has surged by over 400% and continues to climb, currently reaching $114m. Key protocols driving this growth include: ​ - @Bitflow_Finance (DEX) - @ALEXLabBTC (DEX) Also, Hundreds joined the EasyA hackathon at Consensus2024, organized by CoinDesk Various teams started building new Stacks apps like: • Clarity static analysis tool • Crowdfunding protocol • Tokenization platform Exciting to see more devs exploring Stacks!

To God be the Glory

Spot the Main Event:

Stacks Nakamoto will produce a new block approximately every 5 seconds. This will allow people to send and receive BTC much faster and cheaper on $STX Layer 2 with the same security and finality as the Bitcoin network. On top of that, Stacks L2 will unlock Bitcoin’s Multi-billion Dollar DeFi Economy with smart contract programmability, enabling decentralized exchanges, crypto lending, stablecoins fully backed by Bitcoin, and other DeFi activity

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.