The crypto project Stacks (STX) has achieved significant milestones in Q2-Q3 2024, according to a report by Messari. Despite market turbulence, Stacks has a market cap of $2.75 billion, with its native total value locked (TVL) growing by 19.74% and revenue increasing by 519.78% following the Nakamoto activation. Daily transactions have also seen a significant increase, reflecting growing adoption and institutional support.

The Nakamoto upgrade has revolutionized Stacks' ecosystem, enabling faster block production, Bitcoin-level transaction finality, and built-in MEV protection. The ecosystem is expanding with sBTC integration on platforms like Solana and Aptos, strengthening its cross-chain momentum.

Institutional trust in Stacks has grown, with 39 validators, including BitGo and Blockdaemon, and positive outcomes from the SEC investigation. Major entities like Grayscale and Crypto.com have also joined the ecosystem.

DeFi on Stacks has matured significantly, with StackingDAO reaching a TVL of $110.72 million and ALEX Lab experiencing 200.79% growth in Q3. Developer activity has increased, with partnerships with institutions like Harvard.

Meanwhile, a South Korean trading company called STX has secured a landmark $120 million contract to supply Peru with wheeled armored vehicles. This marks South Korea's entry into Latin America's defense market and solidifies STX's position in the region's defense sector.



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