Proof of Growth: Stacking DAO Insider - The State of Stacks in 2024

Introducing the State of Stacks in 2024 Report

As the Stacks ecosystem continues to redefine Bitcoin's role in the decentralized web, 2024 has been nothing short of a landmark year.

The State of Stacks in 2024 report dives into the innovations, growth, and key trends that have shaped the network, from transformative upgrades like the Nakamoto consensus and the introduction of sBTC, to the explosive adoption of DeFi protocols, memecoins, and NFTs.

This comprehensive analysis highlights how Stacks is leading the charge as the most prominent Bitcoin Layer 2 (L2), unlocking new possibilities for the Bitcoin economy.

The report explores the exponential growth of Stacks over the past year, showcasing milestones such as surpassing 750,000 active accounts (a 115% increase year-over-year) and processing over 6.7 million transactions—a testament to the vibrant activity fueled by DeFi innovation, NFT launches, and retail-driven memecoins.

It also examines the role of leading protocols like Stacking DAO, Zest Protocol, Arkadiko, Bitflow and others which have contributed to record-breaking Total Value Locked (TVL) and broader adoption.

Whether you’re an active community member, a builder, or an investor, this report offers critical insights into what’s driving Stacks’ momentum and why it’s cementing its place as the premier Bitcoin-powered Layer 2 chain.

Stay tuned for more highlights, and be sure to check out the full report to understand how Stacks is shaping the future of Bitcoin in DeFi and beyond.

Access the report here.

Stacking DAO is the leading liquid staking protocol on Stacks, allowing users to earn consensus rewards from stacking STX tokens while retaining liquidity by minting stSTX.

This enables users to participate in Stacks DeFi activities like trading, lending or providing liquidity, maximizing yield opportunities while still securing the network.

Over the last two cycles, the yield for holding stSTX has averaged 8.71% APY, paid in additional STX tokens.

Stack today here!

Stacking DAO Details:

Mint stSTX today and earn up to 10% yield on your STX: https://app.stackingdao.com/

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