Stacks Achieves Record-Breaking High in Bitcoin DeFi Smart Contract Deployments

Sep 9, 2024, 09:32 AM

Stacks, a Bitcoin Layer 2 protocol, has achieved a new all-time high in smart contract deployments, with over 1,400 contracts launched last month. This record-breaking figure represents a 30% month-over-month increase. The surge in activity comes as the Stacks Nakamoto upgrade approaches, promising significant improvements to the Bitcoin ecosystem, particularly in the realm of Bitcoin DeFi. The upgrade is expected to speed up block times and enhance the overall functionality of the network.