Stacks (STX) Leverages Bitcoin Ordinals Hype in 60% Surge
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Stacks (STX), a smart contract protocol layer focused on creating DeFi apps on Bitcoin, is stacking up crypto investment funds as investors look to play the Bitcoin Ordinals narrative.
Bitcoin NFTs, also known as Ordinals, is the newest development in crypto, piquing investor interest. With over 200,000 Ordinals inscribed onto the Bitcoin blockchain, the innovation has effectively spiked network usage, transaction count, and block size.
Interestingly, Stacks' (STX) focus on bringing DeFi to Bitcoin, has added to the Ordinals hype as investors anticipate the dawn of smart contracts on Bitcoin. The project’s token continues to record massive price gains this year, picking up on last week’s rally, surging by...
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