Stacks Q3 Report: BTC Staking Reaches 735, STX Staking Up Over 25%

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BTC news today: Stacks released its Q3 ecosystem report, showing 735 BTC deposited into the staking system across the first two bonding cycles. STX staked tokens increased by over 25% following the PoX-5 hard fork, reaching 493 million. Bond 1 saw 230 BTC from major participants, while Bond 2 reached 505 BTC. Zest Protocol’s TVL surpassed $80 million, backed by 800 BTC in collateral. Stacks plans to launch BTC-backed self-custody lending and integrate stBTC with multiple platforms. The Epoch 4.1 upgrade is set to launch in December, enhancing the Clarity language.

Huoxing Finance reports that the Bitcoin Layer 2 platform Stacks has released its Q3 ecosystem report. Data shows that during the first two bonding cycles, a total of 735 BTC entered the Bitcoin staking system. Since the PoX-5 hard fork, the number of STX tokens participating in staking has increased by over 25%, rising from 392 million to 493 million. The first bonding cycle (Bond 1) saw 230 BTC deposited, with participants including 21shares, HashKey Cloud, UTXO Management, and Sypher Capital. The second bonding cycle doubled the deposit amount to 505 BTC. Zest Protocol has locked over $80 million in value, with deposits exceeding $122 million, total loans exceeding $42 million, and 800 BTC deployed as collateral. Stacks plans to launch a self-custodial lending feature backed by staked Bitcoin in Q4, alongside the introduction of Earn Vaults and further integration of stBTC with platforms such as Zest, Bitflow, and Hermetica. Additionally, Stacks plans to roll out the Epoch 4.1 network upgrade in early December, which includes improvements to the Clarity smart contract language.

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