STACKS
by BSCN
February 24, 2023
Stacks marries DeFi offerings to Bitcoin. TVL is up 180% in one month.
Who says you can’t teach an old dog new tricks? Interest in Bitcoin has reemerged lately as regulatory FUD has targeted USD-based stablecoins. And the OG blockchain’s identity as a “store of value” has been expanded by forays into Non-Fungible Tokens (NFTs), thanks to Ordinals.
Meanwhile, the Stacks Blockchain is promoting itself as a solution to bring Decentralized Finance (DeFi) to Bitcoin. This year, Stacks is one of the fastest-growing chains in crypto, as determined by increase in Total Value Locked (TVL) according to DefiLlama.
In the past month, TVL on Stacks has grown by 180% to $40 million, making it by far the fastest-growing chain with a TVL of more than $30 million.
Let’s take a look at the DeFi landscape on Stacks:
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