It's no wonder that Stacks is gaining in traction recently, given the SEC's crackdown on crypto in the US. Since they are targeting certain altcoins they are labelling as 'securities' including ETH, Bitcoin maxis are coming out of the woodwork to declare Bitcoin as the only safe haven in the crypto space.
Stacks is an open-source layer 2 blockchain that introduces smart contracts and decentralised applications to Bitcoin and was also labeled as a 'non security' by the SEC in 2019. We've also been seeing an increase in the number and value of Bitcoin NFTs, such as Ordinals, which are linked to Stacks.
Bicoin DeFi is a large, untapped market given Bitcoin’s massive market cap. The Stacks chain is tethered to Bitcoin through its Proof of Transfer consensus mechanism, so all Stacks transactions settle on Bitcoin, making Stacks uniquely positioned to enable true Bitcoin DeFi. However, I'm only giving it 3 stars due some seemingly shady financial practices in the past (see: https://cyrator.com/post/640324272cb7b99d906e8881https://cyrator.com/post/640324272cb7b99d906e8881 ) which my own research backs up Show Less
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