coin icon

Stacks Price

(STX)

$0.1644
0.00%(5m)

1m5m15m1h8h1d1W
Stacks (STX) Live Price Chart

    Stacks Live Price Data

    The live price of Stacks is 0.1644, with a total trading volume of -- in the last 24 hours. The price of Stacks changed by +0.18% in the past day, and its value has decreased by -5.94% over the last week. With a circulating supply of 1.81B STX, the market cap of Stacks is currently 0 , marking a +0.18% increase today. Stacks currently ranks #100 in market cap.

    How do you feel about STX today?

    Note: This data is for reference only.
    pk

    STX(STX) Profile

    altRank100
    rateBBB
    Expand
    $0.164
    $0.1666

    ATH
    $3.84063896
    Price Change (1h)
    -0.42%
    Price Change (24h)
    +0.18%
    Price Change (7d)
    -5.94%
    Market Cap
    24h Volume
    Circulating Supply
    1.81B
    Max Supply
    1.82B

    About Stacks

    • What Is Stacks (STX) Crypto?

      Stacks is a pioneering Layer-2 blockchain that leverages Bitcoin's robust infrastructure to introduce advanced features like smart contracts and decentralized applications (dApps). It utilizes a unique Proof of Transfer (PoX) consensus mechanism, fostering a decentralized, open network that enjoys Bitcoin's unmatched security.

      The recent surge in interest around Bitcoin NFTs, particularly with the introduction of the Ordinals protocol, has spotlighted Stacks' role in expanding Bitcoin's utility beyond mere transactions. Integrating NFTs and smart contracts directly on the Bitcoin blockchain through Stacks opens new avenues for developers, investors, and users, marrying Bitcoin's security with the programmability of modern blockchains​​​​.

      Revolutionizing Bitcoin's Utility

      Stacks enhances Bitcoin's core functionalities by supporting smart contracts and dApps that interact seamlessly with Bitcoin's state, using BTC as their native currency. This groundbreaking technology introduces a myriad of new applications for Bitcoin, from DeFi to NFTs, making the Stacks ecosystem a central hub for innovation. The recent developments around Ordinals NFTs have underscored the potential of Stacks to become a multibillion-dollar token, highlighting its strategic position at the intersection of Bitcoin's security and blockchain innovation​​.

      Stacks' Native Token: STX

      The STX token is at the heart of the Stacks ecosystem, enabling smart contract execution and network participation. In light of the booming interest in Bitcoin-based NFTs, STX has seen significant appreciation, underpinned by its role in minting NFTs and rewarding network participants.

      The introduction of the Ordinals protocol has further accelerated STX's adoption, showcasing its utility in facilitating a new wave of Bitcoin NFTs. This momentum is evident in STX's recent price performance, reflecting the growing demand for platforms leveraging Bitcoin's security for decentralized applications​.

    • How Does Stacks Layer-2 Network Work?

      The Stacks blockchain is an innovative Bitcoin layer-2 solution that extends Bitcoin's functionality, introducing smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and much more, leveraging the security and capital of Bitcoin.

      Updated Overview of Stacks (STX) Functionality

      Smart Contracts with Clarity: Stacks uses Clarity, an interpreted programming language, to develop smart contracts. This design choice ensures that contracts are more secure and easier to audit than compiled bytecode, which is common in other blockchain networks. This inherent transparency and security of Clarity make Stacks a compelling platform for developers looking to build dApps with a strong foundation in Bitcoin's robust ecosystem​​​​.

      Proof of Transfer (PoX) Consensus Mechanism: PoX is a unique consensus mechanism that underpins the Stacks blockchain, connecting it directly to Bitcoin. Instead of burning crypto assets as in Proof of Burn, PoX involves transferring STX tokens to network participants, binding Stacks' security model to Bitcoin's. This mechanism allows STX holders to earn Bitcoin rewards by participating in the network's consensus process, essentially "stacking" their STX tokens​​.

      sBTC - A Bitcoin-pegged Asset: Stacks introduces sBTC, a Bitcoin-pegged asset that enhances Bitcoin's utility by making it programmable and usable within the Stacks ecosystem. This innovation enables a wide range of applications, from DeFi to NFTs, all secured by Bitcoin's blockchain​​.

      Expanding Bitcoin's Ecosystem: Developers can create Bitcoin-powered NFTs and DeFi applications through Stacks. NFTs on Stacks, also known as Bitcoin NFTs, leverage Bitcoin for settlement and security, broadening the scope of Bitcoin's utility beyond just a currency. Similarly, Stacks' DeFi solutions unlock new financial services and products, leveraging Bitcoin's liquidity and security​​​​.

      Recent Developments and Ecosystem Growth: The Stacks ecosystem has grown significantly, with developments in decentralized exchanges (DEXs), lending platforms, and NFT marketplaces. Platforms like Alex and Arkadiko introduce decentralized lending and stablecoins pegged to the dollar (USDA), respectively, expanding Bitcoin's DeFi landscape. Moreover, Stackswap and Sigle are noteworthy for their contributions to decentralized trading and content creation, enhancing the ecosystem's diversity and utility​​.

      Upcoming Upgrades and Innovations: The Nakamoto release is a highly anticipated upgrade that aims to integrate Stacks with Bitcoin further, enabling direct writing to the Bitcoin blockchain and facilitating asset exchanges. This development is expected to unlock new possibilities for interoperability and efficiency within the crypto space​.

    • History of Stacks Network and STX Coin

      Founded by Muneeb Ali and Ryan Shea, Stacks has evolved to enhance Bitcoin's utility by enabling smart contracts, dApps, and NFTs directly on Bitcoin's blockchain, leveraging its security and capital.

      Evolution and Technological Advancements

      1. Rebranding and SEC Filing: Originally known as Blockstack, the project rebranded to Stacks to better reflect its mission of building a user-owned internet on Bitcoin. A pivotal moment in its history was the filing for a $50 million token offering under the SEC Regulation A+ framework, marking it as a significant regulated offering in the crypto space.

      2. Mainnet Launches: The Stacks 1.0 mainnet went live in October 2018, with Stacks 2.0 following, introducing the Proof of Transfer (PoX) consensus mechanism and the Clarity smart contract language. These innovations aimed to expand Bitcoin's functionality without altering its core protocol.

      3. Coinbase Stacking and Partnerships: Recent developments include Coinbase Pro's support for Stacks stacking, allowing STX holders to earn Bitcoin rewards. Additionally, partnerships, such as with Orbit Chain for interoperability, highlight Stacks' commitment to expanding its ecosystem and enhancing cross-chain functionality​​.

      4. NFTs and DeFi on Bitcoin: Stacks has successfully introduced NFTs to the Bitcoin network, with notable launches like the Bitcoin Birds collection selling out rapidly. Future plans include further developing its DeFi economy on Bitcoin, with projects like Arkadiko and ALEX launching their mainnets.

    • How to Use STX Token

      STX is the native digital asset of the Stacks blockchain and has the following use cases:

      1. Incentive Token: STX serves as a powerful incentive within the Stacks ecosystem, rewarding users who contribute to the development, maintenance, and enhancement of the network. It plays a crucial role in the ecosystem's growth and sustainability.

      2. Native Currency for Transactions: Utilized for transaction fees on the Stacks network, STX is essential for executing smart contracts, performing computational operations, and engaging with decentralized applications. It ensures seamless interactions within the ecosystem.

      3. Earning BTC via Stacking: One of the unique features of STX is enabling holders to earn Bitcoin through a process called Stacking. This process is integral to the Proof of Transfer (PoX) consensus mechanism, requiring users to lock their STX tokens temporarily to support network operations and security.

      4. Trading and Holding: STX is a viable crypto asset for trading against other cryptocurrencies, allowing investors to capitalize on market volatility. It’s also a promising asset for those looking to hold long-term, given the continuous development and growing adoption of the Stacks blockchain.

      5. Passive Income on KuCoin: For STX holders looking to grow their holdings in a risk-managed way, KuCoin's Crypto Lending platform offers an opportunity to lend STX and earn attractive interest over various periods, enhancing the asset's utility as an investment​​.

    FAQ

    • How much is 1 Stacks (STX) worth?

    • Is Stacks (STX) a Good Investment?

    • What Is Stacks Price Prediction?

    • How to Stack STX Coin

    • How Many Stacks Coins Are There?

    • How to Stack Stacks (STX) Coin

    • What is the all-time high price of Stacks (STX)?

    • What is the all-time low price of Stacks (STX)?

    • How much Stacks (STX) is there in circulation?

    • How do I store Stacks (STX)?