Stacks (STX),the native token of the Bitcoin-based layer-2 platform,has seen a 30% price surge in the last seven days,driven by excitement over the upcoming Nakamoto Upgrade on October 9 and the launch of a new Bitcoin-pegged stablecoin (sBTC).The upgrade aims to enhance DeFi on Bitcoin,improving transaction speeds and enabling Bitcoin holders to engage in smart contracts.

The Stacks network has experienced record growth,with smart contract deployments and decentralized exchange activity hitting all-time highs.As Bitcoin rallies due to favorable market conditions,STX has mirrored this growth,recently reaching an eight-week high.With Bitcoin development gaining momentum and strong community support,Stacks is poised to become a major player in Bitcoin’s layer-2 landscape.

I think that the Stacks ecosystem is making bold moves,and its upcoming upgrade could position it as a key player in Bitcoin’s expanding DeFi space,creating significant opportunities for both developers and investors. Show Less