🍿 Nakamoto Release Instantiation Block Picked & Stacks' Ecosystem Q1 Growth

Q1 2024 for Stacks highlights an impressive rise in STX denominated Total Value Locked, showing that the demand for using Bitcoin L2 Decentralized Finance applications is rising. Meanwhile, In the same quarter, contracts deployed grew by 148%, a strong signal of growing developer interest. Let’s dive into this week’s Stacks Snacks.

🍿 Stacks Snacks

• Signal21 releases Stacks quarterly report for Q1 2024, with an STX denominated TVL growing 74%.

• Developers picked the instantiation block for the Stacks Nakamoto Rollout.

• Arkadiko reports 170% growth in Total Value Locked, as published by Signal21.

• StackingDAO rebranded, celebrating over $100M in total value locked.

• Research group House of Chimera celebrates record breaking ATH in TVL for Stacks.

• Join the Bitcoin builders community live during the virtual Building on Bitcoin: Halving Edition.

😋 Other tasty content

• Join the Stacks ecosystem celebrating the Nakamoto Release and the Bitcoin halving in over 30+ cities worldwide.

• Blockworks features Trust Machines’ Rena Shah about what the Bitcoin halving means for Bitcoin L2s like Stacks.

• Muneeb joined the stage in Korea to talk about activating Bitcoin season 2.

• StackingDAO was featured on the Defiant DeFi Alpha letter.

• DeFi Llama is now tracking Zest on Stacks.