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  1. Press & Top Links
  2. 2024

February 2024

PreviousJanuary 2024NextMarch 2024

Last updated 1 year ago

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πŸ“Š

Key Insights

  • Stacks revenue (USD) increased 3,386% QoQ and 3,028% YoY to $637,000. Much of this revenue was driven by inscription protocol STX20.

  • STX’s market cap increased 203% QoQ and 598% YoY to $2.0 billion. STX’s growth outpaced BTC and the overall crypto market.

  • DeFi TVL (USD) increased 363% QoQ and 763% YoY to $61 million. ALEX firmly remained the leader in TVL, but Arkadiko and StackingDAO considerably increased their own TVL dominance in Q3 and Q4.

  • Average daily miner revenue increased 1,015% YoY to $78,000. STX’s price increase and Stacks’ increased revenue made it significantly more profitable for Bitcoin miners to participate in Stacks’ consensus.

  • The Nakamoto upgrade is expected in April 2024. This update will enable faster blocks, give transactions 100% Bitcoin finality, reduce MEV, and eliminate forking on the Stacks layer to set the stage for the upcoming sBTC release.

Title
Outlet/Author

🌱

Pantera

πŸ“Š

Sora Ventures

πŸͺ΄

House of Chimera

πŸ“Š

Mohamed Fouda

πŸ“ˆ

Blockworks

πŸ‘› Stacks L2 DeFi protocol

Coindesk

πŸ“Š Report:

Tang Chan

πŸ“Š

ABCDE Labs

πŸ‘€

Grayscale

πŸ“ˆ

Chris Burniske

Binance Academy

🧑
πŸ”Ά
πŸ”Έ
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