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About STX

Stacks (STX) is a cryptocurrency launched in 2019. STX has a current supply of 1.82Bn with 1.44Bn in circulation. The last known price of STX is 2.48 USD and is -0.082067135307 over the last 24 hours. It is currently trading on active market(s) with $185.02M traded over the last 24 hours. More information can be found at https://stacks.co.

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STX Price Statistics
STX’s Price Today
24h Price Change
-$0.0820671353073.21%
24h Volume
$185.02M0.71%
24h Low / 24h High
$0.62597892 / $0.64779876
Volume / Market Cap
0.051724709135
Market Dominance
0.18%
Market Rank
#35
STX Market Cap
Market Cap
$3.58Bn
Fully Diluted Market Cap
$4.51Bn
STX Price History
7d Low / 7d High
$0.62597892 / $0.70765936
All-Time High
$3.61Nov 16, 2021
All-Time Low
$0.04500805Mar 13, 2020
STX Supply
Circulating Supply
1.44Bn
Total Supply
1.82Bn
Max Supply
1.82Bn
Updated Feb 24, 2024 5:14 pm
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STX
Stacks
$2.48
$0.082067135307(-3.21%)
Mkt Cap $3.58Bn
There's nothing here for now
Stacks Reports Significant Growth in Revenue and Market Capitalization
Stacks Reports Significant Growth in Revenue and Market Capitalization
According to CryptoPotato, Stacks, a Bitcoin Layer 2 solution, has experienced major growth over the last year, with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack's native cryptocurrency, STX, surged by 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Messari's 'State of Stacks Q4 2023' report revealed a 363% quarterly increase in total value locked (TVL), translating to a 773% rise on an annual basis, reaching $61 million. The report also indicates a remarkable yearly increase in average daily miner revenue by 1,015%, reaching $78,000. Stacks' prominent position within the Bitcoin Layer-2 ecosystem and its prospects for further growth are highlighted, with the Nakamoto upgrade scheduled for April 2024 promising significant advancements. The financial trajectory of Stacks has been propelled by the STX20 Inscription protocol, surpassing the growth metrics of both Bitcoin and the broader cryptocurrency market. Platforms such as ALEX, Arkadiko, and StackingDAO have contributed to Stacks' DeFi ecosystem, with a 52% quarterly rise in daily transactions and a 65% increase in active addresses. This heightened activity has led to a 400% quarter-over-quarter increase in average transaction fees (measured in STX) and an 894% increase when measured in USD, although the average transaction fee in USD terms remained relatively low at $0.25. In 2024, projects developed on the Bitcoin network are being touted by various industry insiders as a prominent theme within the crypto sector. Nansen, an on-chain analysis company, has identified this trend as one of its four 'high-conviction bets' for the year, while Hashdex, a Brazilian asset management firm, has highlighted the emergence of the 'industrial era of Bitcoin' as a key development to watch.
Feb 18, 2024 5:07 am

Frequently Asked Questions

  • What Is Stacks (STX)?

    Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.

    Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications.

    Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.

    All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.

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  • Who Are the Founders of Stacks?

    The project started in 2017 when Muneeb finished his PhD (his thesis laid out the foundations for the Stacks layer for Bitcoin), released the original whitepaper, and raised $50M. Before this, the early team built protocols and apps on Bitcoin L1 before they began working on Stacks in 2017. Some early visions of the project are represented in this TEDx talk.

    In 2019 there was the first-ever SEC qualified token offering (see WSJ article) for the general public, including the US. The full offering material disclosed everything and anything about the project/company/people.

    2018-2020 the team was heads down building out the Stacks infrastructure— it's a programming layer for Bitcoin (it works like a blockchain with cross-chain consensus with Bitcoin) and Clarity lang, a safe language. Some technical resources are here.

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  • What Makes Stacks Unique?

    • As a Bitcoin layer for smart contracts, Stacks has the following innovations that make it unique:
    • In the upcoming release of Stacks, Stacks will be secured by the entire hash power of Bitcoin, giving it Bitcoin finality.
    • Stacks will soon have a novel backed Bitcoin that is 1:1 backed with BTC on Bitcoin L1, and can be moved in and out of the Stacks layer in a decentralized way.
    • The new 1:1 Bitcoin backed asset called sBTC enables Stacks smart contracts to write to Bitcoin.
    • Stacks powers atomic BTC swaps and assets owned by BTC addresses.
    • Stacks uses the Clarity programming language for safe, decidable contracts.
    • Stacks has knowledge of the full Bitcoin state, thanks to Proof of Transfer and Clarity, enabling it to read from Bitcoin at any time.
    • Lastly, Stacks is a scalable layer that enables fast transactions that settle on Bitcoin.
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  • How Many Stacks (STX) Coins Are There in Circulation?

    The Stacks cryptocurrency has a predefined future supply that reaches approx 1,818M STX by year 2050. The Stacks ecosystem is a collection of independent entities, developers, and community members working to build a user-owned internet on Bitcoin. No entity in the space holds >10% of the circulating STX supply. Even the early investors/entities generally hold less than 5%. These stats are self-reported and from on-chain data and naturally update over time.

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  • How Is the Stacks Network Secured?

    Stacks uses the Bitcoin blockchain as its base layer. As a Proof of Work (PoW)-based blockchain, Bitcoin uses the combined efforts of thousands of miners and nodes to protect the network against attacks by making it computationally and economically unfeasible to subvert the network.

    On top of this, Stacks introduces its own consensus model, known as proof-of-transfer (PoX), which is a novel mining mechanism that sees users transfer the base currency (BTC) to mine STX — effectively bootstrapping the security of the Stacks blockchain using BTC.

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  • Where Can You Buy Stacks (STX)?

    STX is available to trade on several prominent exchange platforms, including Binance,Coinbase, Kraken, Upbit, and KuCoin. For a full list of available trading pairs and supported platforms, see the markets section.

    For more information about buying cryptocurrencies with fiat, click here.

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  • What is the all-time high price of Stacks (STX)?

    The all-time high of STX was 3.61 USD on 2021-11-16, from which the coin is now down 31.301939058171747%. The all-time high price of Stacks (STX) is 3.61. The current price of STX is down 31.301939058171747% from its all-time high.

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  • How much Stacks (STX) is there in circulation?

    As of , there is currently 1.44Bn STX in circulation. STX has a maximum supply of 1.82Bn.

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  • What is the market cap of Stacks (STX)?

    The current market cap of STX is 3.58Bn. It is calculated by multiplying the current supply of STX by its real-time market price of 2.48.

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  • What is the all-time low price of Stacks (STX)?

    The all-time low of STX was 0.04500805 , from which the coin is now up 5410.125410898717%. The all-time low price of Stacks (STX) is 0.04500805. The current price of STX is up 5410.125410898717% from its all-time low.

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  • Is Stacks (STX) a good investment?

    Stacks (STX) has a market capitalization of $3.58Bn and is ranked #35 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Stacks (STX) price trends and patterns to find the best time to purchase STX.

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