Stacks, a layer-2 solution for decentralized finance (DeFi) built on Bitcoin, is gaining momentum. Major institutions are adopting sBTC, a 1:1 Bitcoin-backed programmable asset, as part of their Bitcoin strategies. sBTC has attracted interest from industry leaders since its launch and had to increase its deposit capacity due to high demand. Zest, a rapidly growing use case for sBTC, holds nearly 40% of the asset in the protocol. sBTC allows for flexible smart contracts and transactions leveraging Bitcoin's security. The withdrawal functionality for sBTC is expected to launch in March 2025. The demand for tokenized Bitcoin assets is increasing, with tokenized BTC supply reaching 1.67% of BTC's circulating supply. sBTC fosters a dynamic financial landscape and has seen adoption from major industry players. Bitcoin Layers, including Stacks, have experienced significant growth, with Total Value Locked (TVL) on Bitcoin Layers growing over 460% in the past year. Stacks believes that "all roads lead back to Bitcoin" and emphasizes Bitcoin's importance as a foundational layer.



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