Stx token, one of the second Bitcoin -based layer solutions, entered the radar of crypto currency investors with a remarkable rise of 56 percent in the last seven days. The token reached 92 cents, which is the summit of two months with an increase of 21 percent within 24 hours, and once again revealed the technological potential of the network and the interest of the investor.
Stx is at the center of attention of investors
Stacks provides infrastructure for smart contracts and decentralized applications as a layer built on the Bitcoin network. The Stx token is located in the center of this system. It enables users to directly interact with the system with various functions such as inter -chains connections, network management and payment of transaction fees.
In addition, the Stx token allows users to obtain Bitcoin with specific protocol mechanisms. This feature serves as a bridge that brings together both traditional Bitcoin investors and those operating in the field of decentralized finance (defi). As well as short -term price increase, it draws attention with its long -term potential.
Recently, the transaction volume of Stx has also increased significantly. This increase is not limited to speculative movements, but also seems to have increased the adoption rate of the protocol.
New products with SBTC are on the agenda
Developments in the Stacks ecosystem are not limited to the token price. Providing digital asset storage services, Bitgo introduced a new derivative product called SBTC to Bitcoin. This product maintains new doors for decentralized financial practices, maintaining Bitcoin’s programmability.
According to Abishek Singh, Bitgo product manager, SBTC offers a flexible and safe structure without compromising the basic values of Bitcoin. Thus, users have the opportunity to make transactions more effectively with Bitcoin through decentralized applications. With the new shooting feature, the usage areas of this product are expected to expand rapidly.
The Stacks protocol reported that the amount of fixed coins entering the ecosystem in the first quarter of the year increased by more than 400 percent. The fixed coin supply, which is at the level of $ 1 million in January, has exceeded $ 7 million as of the end of March. This increase clearly demonstrates the confidence in the protocol and the growth capacity of the system.
In addition to the demand for the Stx token, the increase in liquidity in the ecosystem brings attention to developers and corporate users. Especially products such as SBTC have the potential to bring traditional finance and decentralized finance world closer.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
