🍿 Stacks Reaches Close to 800,000 Transactions for the 4th Month in a Row

Every week, it feels like every team within the Stacks ecosystem is hitting milestones and sharing exciting news. From Velar to ALEX, StackingDAO to LISA, and STXTools to others, there's a constant stream of wins for their communities on the leading Bitcoin Layer 2, Stacks. Amidst all this activity, the core developers and contributors have just released the public testnet version of the highly anticipated Nakamoto Release.

🍿 Stacks Snacks

• Velar becomes the first Bitcoin Ecosystem project to launch on a top-three exchange, Velar reports. 

• The Stacks Foundation creates a Stacks Working Group with $500K allocations to work on Bitcoin layers with BitVM.

• ALEX closed 10,000,000 Funding round with the Spartan Group.

• Stacks was trending for the 2nd time in a week on X / Twitter.

• Stacks transactions see close to 800,000 monthly transactions for 4 months straight.

• Liquid Staking Protocol StackingDAO announces Stacking DAO V2.

• STXTools launches STX Tools V3 with new tokens, updated portfolio and more.

• EasyA launches developer challenges focused on building a Decentralized Finance app on Stacks, with Hermetica as use case example.

😋 Other tasty content

• Stacks Nakamoto Release Public Testnet launches.

• Velar gives recap on mainnet launch for their AMM.

• Liquid Staking Protocol Lisa reports on a $1.5M TVL within just 60 minutes of launch.

• Stacks reaches ATH in Total Value Locked in DeFi apps of $175M excluding staking and liquid staking, according to DeFi Llama.

• Stacks Creator Muneeb spoke in Seoul about Bitcoin L2s.