Gm 👋
One month into Bitcoin Staking, and we have some data!
😋 Stacks Snacks
The STX Q3 Ecosystem Report is live. 735 BTC entered Bitcoin Staking across the first two bonding periods, and STX staked has climbed more than 25% since the PoX-5 hard fork, from 392M to 493M.
More from this quarter 🟧
1,000+ BTC supplied on Zest
DEX volume at yearly highs
sBTC holders at an all time high
Network revenue at a yearly high
The second Bitcoin Staking bond sold out. Around 500 BTC enrolled and most of it flowed through Bitcoin DeFi.
Bitcoin Staking and STX made CoinDesk's Daybook this week 🤝
👀 Other Tasty Content
StackingDAO launched Native STX staking v2. The old fee free pools are going away, replaced by new features and native BTC payouts. If you’re in the old 0% pool, you keep your low fees until you decide to move over.
ZEST is now listed on Bithumb, a win for the Zest Korean community 🍊
At TOKEN2049, Muneeb made a simple point: only about 0.5% of all Bitcoin is actually being put to work today. The rest just sits there. That idle Bitcoin is one of the biggest opportunities in finance, and Stacks is building to change it.
The timeline keeps suggesting that we are so back and the team is fired up heading into the growth phase.
Happy staking 🟠
Stacks is a Bitcoin layer for smart contracts. It enables decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Stacks exists to unlock Bitcoin’s full potential as the largest, most valuable, durable, and decentralized asset. Learn more here.