🍿 Stacks Apps Celebrate All Time TVL High As New DeFi Protocols Emerge

Paul Veradittakit calls it “the resurgence of Bitcoin, Bitcoin DeFi summer”, Coinbase says it’s “new smart contract superpowers for Bitcoin”, Messari thinks “Bitcoin is back”, and Tim Draper is just “pretty excited about Stacks”. All we can say, is that within the Stacks community, the naka•mojo is strong as we keep contributing to the growth of the Bitcoin economy 🟧

🍿 Stacks Snacks

• Defi data tracker DeFi Llama reports all time high Total Value Locked (TVL) for Bitcoin L2 Stacks (excluding stacked STX).

• Paul Veradittakit lists Stacks within “the resurgence of Bitcoin” and “DeFi Summer 2.0” as prediction for 2024 on CoinDesk.

• Coinbase Newsletter Bytes shares Bitcoin could gain new smart-contract superpowers with the Lightning Network and Stacks.

• StackingDAO becomes 2nd largest protocol on Stacks in terms of TVL.

• Bitflow reports $1M+ TVL for stSTX on Stacks thanks to the StackingDAO community.

• Liquid Stacking protocol Papaya is now on testnet with sBTC.

• Mezma reports on 20,000 monthly active users for DeFi protocol ALEX, an all time high.

😋 Other tasty content

• Bob Bodily lists why Stacks might be the world’s first sovereign-validium L2 on Bitcoin.

• Wave the orange Bitcoin banner, join the #Nakamojo movement and win great prizes.

• The Block Runner shares thoughts on why DeFi on Stacks is the Next Bitcoin Bull.

• Bitcoin L2 DeFi token $ALEX trading is now live on KuCoin.

• MEXC exchange lists first Bitcoin secured meme coin.