Stacks Surpasses 150 Million STX in DeFi Lock, Bitflow Leads Innovations

• Stacks Reaches All-Time High with Over 150 Million STX Locked in DeFi Apps.
• Bitflow emerges as a key liquidity hub on Stacks with advanced trading features.

Just DeFiLlama revealed that over 150 million STX locked constitutes the all-time record for total value locked (TVL) in Battery decentralized finance (DeFi) applications. This important turning point highlights how Stacks’ DeFi ecosystem is becoming increasingly adopted and trusted.

With Bitflow bringing several improvements based on the successful models of Ethereum’s DeFi protocols, the Bitcoin DeFi ecosystem is also seeing continued innovation as the TVL continues to grow. We explain these fascinating advancements in detail in this week’s Stacks Snacks.

Bitflow: the emerging liquidity center

Announcing its protocol as the new Liquidity Hub on BatteryBitflow offers a number of sophisticated features, such as an aggregator, Deep Liquidity Curve-style stable swaps, Uniswap-style liquidity pools, and multiple trading routes.

Designed to improve trading efficiency and liquidity within the Stacks ecosystem, these features provide users with a range of robust options for their DeFi business.

Popularity Grows for Liquid Stacking Asset (STX)

Developed by Stacking DAO, the liquid stacking asset stSTX is now the most widely available Battery-based token in the ecosystem, according to community leaders. This accessibility should encourage more interest and involvement in the Stacks ecosystem, fostering a more diverse and engaged community.

Community participation developments and methodology. A prominent member of the Stacks community, BTC, shared Hiro’s signee dashboard, which after the Nakamoto sBTC upgrade and launch now has over 30 signatories. Within the Stacks ecosystem, this infrastructure improvement facilitates safer and more efficient transactions.

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Ortege, for his part, announcement that user engagement for StackingDAO increases significantly as unique Liquid Stackers approach the 25,000 mark. Grayscale also has released an in-depth “STX Deeper Dive” that offers in-depth analysis of STX’s prospects and future in the larger cryptocurrency space.

As of this writing, STX is trading at around $1.72up 6.60% in the last 24 hours. Earnings of 1.85% over the past week are indicative of this optimistic trend and growing investor interest in STX.

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