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Why did the price of STX go up?

Stacks (STX) increased by 1.11% in the last 24 hours, outperforming the overall crypto market, which rose by just 0.24%. This growth is driven by the expansion of the Stacks ecosystem, including wider adoption of sBTC (a Bitcoin-pegged asset) and new ways to unlock liquidity. Positive developments in BitcoinFi (Bitcoin-focused decentralized finance) also boosted sentiment.

  1. sBTC Adoption Grows – More users are embracing this trustless Bitcoin-pegged asset.
  2. Liquidity Innovations – Stacking DAO’s liquid staking tokens (LSTs) have unlocked over $25 million in STX liquidity.
  3. BitcoinFi Momentum – Stacks is gaining recognition as a key player in Bitcoin-based DeFi.

Deep Dive

1. sBTC Adoption & Institutional Interest (Positive Outlook)

Overview: Stacks’ decentralized Bitcoin-pegged asset, sBTC, now has over 5,000 BTC locked in it. Institutional players like Hex Trust have recently integrated sBTC, making it easier for large investors to participate (Hex Trust). This growth aligns with the broader BitcoinFi space, which is expected to exceed $10 billion in total value locked (TVL) by 2025.

What this means: sBTC lets Bitcoin holders earn yield without selling their BTC, increasing demand for STX since it’s needed to power transactions and smart contracts on the Stacks network. The upcoming Nakamoto upgrade in Q3 2025 will improve sBTC’s trustless design, strengthening this positive trend.

Watch: Expansion of sBTC to other blockchains like Sui through Wormhole’s NTT standard.

2. Liquid Staking Innovations (Mixed Impact)

Overview: Stacking DAO introduced stSTXbtc, a liquid staking token that allows users to earn Bitcoin rewards while keeping their assets liquid. Since January 2025, more than 25 million STX (about $16.4 million) has been staked through this pool.

What this means: Liquid staking tokens help users make better use of their capital and attract more retail investors. However, if many users unstake their STX at once, it could increase supply and put downward pressure on prices. The zero-fee model makes staking attractive short-term but could challenge long-term sustainability.

Watch: The balance between liquid staking adoption and STX’s annual supply increase of 3.52%.

3. Altcoin Season & BitcoinFi Sentiment (Neutral to Positive)

Overview: The Altcoin Season Index jumped 27% this week to 71, indicating more investment flowing into smaller cryptocurrencies. With a market cap of $1.18 billion, Stacks is well-positioned to benefit from BitcoinFi’s growth, as Bitcoin Layer 2 solutions hold $5.5 billion in TVL.

What this means: STX often serves as a way to gain exposure to Bitcoin’s DeFi ecosystem. However, competition from Ethereum Layer 2s and Bitcoin-native projects like CoreDAO could limit how much STX can grow.

Conclusion

STX’s recent gains reflect optimism about its BitcoinFi infrastructure, including sBTC and liquid staking tokens, along with positive momentum from altcoin season. Still, trading volume has dropped 24%, and STX faces resistance near its 200-day moving average at $0.718, suggesting cautious optimism.

Key watch: Will sBTC’s expansion to other blockchains like Sui sustain demand, or will liquidity fragmentation hold back growth? Keep an eye on STX’s support level at $0.664 for clues on its short-term direction.


What could affect the price of STX?

Stacks is driving Bitcoin’s growth with important upgrades but faces challenges in its ecosystem.

  1. Protocol Upgrades & sBTC Adoption – Making Bitcoin more useful in decentralized finance (DeFi)
  2. Tokenomics Changes – Balancing inflation risks with incentives for growth
  3. BitcoinFi Competition – Stacks’ lead versus new Layer 2 solutions

In-Depth Look

1. Protocol Upgrades & sBTC Adoption (Positive Outlook)

What’s happening:
Stacks’ Nakamoto upgrade in 2024 introduced sBTC, a decentralized way to use Bitcoin within DeFi apps. By June 2025, over 5,000 sBTC (worth about $300 million) are in use, with plans to increase this capacity. The SIP-031 hard fork in July 2025 created a $25 million fund to support developers. Upcoming “Satoshi Upgrades” aim to speed up transactions to under 10 seconds and add new smart contract features using WebAssembly (Wasm).

Why it matters:
More sBTC means more Bitcoin can be used for lending, trading, and earning yields on Stacks, which increases demand for STX tokens (used for fees and Stacking rewards). Faster transactions and better tools like Ledger and WalletConnect support could attract developers from Ethereum, though there are risks in delivering these improvements smoothly.

2. Tokenomics & Inflation (Mixed Effects)

What’s happening:
The SIP-031 proposal raised the yearly supply increase of STX tokens from 3.52% to 5.75% for five years to fund ecosystem growth. This means about 157 million new STX tokens by 2030, raising concerns about selling pressure. Still, 96.6% of voters supported this plan, hoping the benefits will outweigh the downsides.

Why it matters:
While more tokens could lower prices in the short term, the funds will support key areas like DeFi incentives (about $30 million committed), developer grants, and marketing. If these efforts grow the total value locked (TVL) in Stacks’ DeFi apps (currently $113 million), STX’s value could improve despite inflation.

3. BitcoinFi Competition & Market Sentiment (Neutral to Cautious)

What’s happening:
Stacks leads Bitcoin Layer 2 solutions with $5.5 billion in TVL as of Q2 2025, but competitors like Rootstock and new rollups are challenging its position. The BitcoinFi sector grew 42% quarter-over-quarter, yet STX’s price dropped 57% year-over-year, while Bitcoin itself rose 12%.

Why it matters:
Stacks has an early advantage in making Bitcoin programmable, but if it can’t grow sBTC usage or keep developers engaged, investors might move to rivals. Market confidence is fragile—events like Upbit’s exchange suspension in July 2025 caused a 7% price drop, showing how important operational stability is.

Conclusion

Stacks’ future price depends on successfully rolling out upgrades that unlock Bitcoin’s $500 billion in idle capital while managing inflation from SIP-031. Keep an eye on sBTC adoption and Bitcoin’s price—if Bitcoin rallies above $70,000, it could boost STX’s role in DeFi. The big question: can Stacks maintain its lead as Ethereum Layer 2s enter the BitcoinFi space?


What are people saying about STX?

Conversations around Stacks (STX) focus on its role in Bitcoin-based decentralized finance (DeFi) and some recent challenges. Here’s the latest:

  1. Stacking DAO reaches $100 million in STX locked value – positive sign
  2. sBTC connects Bitcoin to multiple blockchains – positive development
  3. Upbit exchange pauses STX trading due to network delays – negative news

Deep Dive

1. @StackingDao: Liquid staking milestones boost STX demand

"Almost $100 million in STX locked… Liquid staking tokens (LSTs) are becoming reliable collateral."
– @StackingDao (12.9K followers · 58K impressions · Sept 4, 2025, 4:00 PM UTC)
View original post
What this means: This is good news for STX. Liquid staking lets users earn rewards while keeping their assets active in DeFi. The growing total value locked (TVL) shows increasing confidence in Stacks’ Bitcoin-based yield ecosystem.

2. @Stacks: sBTC bridges Bitcoin to Sui and Solana blockchains via Wormhole

"sBTC is the first decentralized Bitcoin bridge to major blockchains."
– @Stacks (297K followers · 1.2M impressions · July 2, 2025, 3:12 PM UTC)
View original post
What this means: This expands STX’s usefulness. By enabling Bitcoin to move across different blockchains, sBTC could unlock billions of dollars in inactive Bitcoin for use in Stacks-powered DeFi applications. However, it’s important to watch adoption rates closely.

3. @Upbit_Support: Network delays cause Upbit to suspend STX deposits and withdrawals

"Trading paused due to delays in block processing."
– @Upbit_Support (3.4M followers · 4.8M impressions · May 25, 2025, 2:41 AM UTC)
View original post
What this means: This is a short-term negative for STX. The 7% price drop after the announcement reflects concerns about liquidity and network reliability. Still, similar past issues have been resolved, suggesting this may be temporary.

Conclusion

Overall, the outlook for STX is cautiously optimistic. The ecosystem is growing quickly (developer activity up 210% year-over-year) and cross-chain sBTC integration adds value, despite some technical setbacks. Keep an eye on the sBTC supply metric, currently at about 5,000 BTC equivalent, as a key indicator of Stacks’ potential to become Bitcoin’s go-to DeFi platform.


What is the latest news about STX?

Stacks is making steady technical progress amid mixed market signals as Bitcoin-based decentralized finance (DeFi) gains momentum. Here’s a quick summary of the latest updates:

  1. Stacks vs XXX Coin (September 3, 2025) – Stacks is positioned as Bitcoin’s practical utility layer, compared to more speculative rivals.
  2. Stacking DAO Liquidity Boost (September 12, 2025) – Over 25 million STX tokens locked in sBTC yield pools, showing growing user participation.
  3. Low STX Staking Rates (September 1, 2025) – Bitvavo reports a low 0.2% annual percentage yield (APY) on STX staking, indicating weak demand for staking rewards.

Deep Dive

1. Stacks vs XXX Coin (September 3, 2025)

Overview:
An analysis by Bitrue compared Stacks’ focus on Bitcoin-aligned features—like smart contracts and sBTC integration—with XXX Coin, which relies more on hype and lacks clear use cases or documentation. The report highlighted Stacks’ Nakamoto upgrade and its Clarity programming language as key technical advantages.

What this means:
This comparison strengthens Stacks’ position as Bitcoin’s programmable layer, which is positive for attracting developers. However, it also highlights the ongoing challenge in crypto markets where tokens without strong utility can create speculative pressure. If market sentiment shifts toward speculation, STX could face headwinds.
(Bitrue)

2. Stacking DAO Liquidity Boost (September 12, 2025)

Overview:
Stacking DAO introduced liquid staking tokens (LSTs) for STX, allowing users to earn sBTC yields while keeping their tokens liquid and accessible. Since January 2025, more than 25 million STX (about $16.5 million) have been deposited into these yield pools.

What this means:
The growing use of LSTs helps STX holders make better use of their assets, which is a positive sign for network engagement. Still, the long-term success depends on continued demand for sBTC yields, especially as competition in Bitcoin-based DeFi increases.
(Stacking DAO)

3. Low STX Staking Rates (September 1, 2025)

Overview:
Bitvavo’s latest data shows that STX Flex Staking offers only a 0.2% APY, which is much lower than other staking options like LPT at 10.9% or ATOM at 4.1%. There is no fixed staking option available for STX.

What this means:
The low staking rewards suggest limited interest from both institutional and retail investors in staking STX right now. This could dampen price momentum unless future protocol updates or new DeFi features improve staking returns.
(Bitvavo)

Conclusion

Stacks is steadily pushing Bitcoin DeFi forward with technical improvements like sBTC integration and liquid staking tokens. However, it faces challenges from low staking yields and a market that sometimes favors speculative tokens. With the Altcoin Season Index at 71 out of 100, the question remains: can STX capitalize on its strong Bitcoin connection to outperform less useful tokens? Keep an eye on sBTC adoption and STX’s role in the growing BitcoinFi ecosystem, which now holds over $10 billion in total value locked (TVL), for signs of future growth.


What is expected in the development of STX?

Stacks is focusing on making Bitcoin-based decentralized finance (DeFi) better and easier to use for more people.

  1. Satoshi Upgrades (Q4 2025) – Introducing dual staking, Bitcoin vaults, and easier fee payments.
  2. sBTC Expansion (Q4 2025) – Aiming to lock up 21,000 BTC through a secure, trustless process.
  3. Wallet/Bridge Integrations (2025) – Adding support for popular wallets like Ledger Live and WalletConnect, plus Axelar bridge.
  4. SIP-031 Governance (2025) – Creating a $25 million fund from STX token emissions to support growth.
  5. East Asia Expansion (Sept 30, 2025) – Hosting a major event at Token 2049 in Singapore to boost presence in Asia.

Deep Dive

1. Satoshi Upgrades (Q4 2025)

What it is: These upgrades will make Bitcoin more useful through Stacks. Users can earn rewards by staking either BTC or STX tokens (called dual staking). Programmable Bitcoin vaults will allow advanced strategies for earning yields, especially for institutions. Plus, users will be able to pay transaction fees using sBTC, making the process smoother. This builds on the Nakamoto release from October 2024, which ensured full Bitcoin transaction finality.
Why it matters: This could increase demand for STX tokens and tie their value closely to Bitcoin’s liquidity. However, there’s a risk of delays because managing Bitcoin across different systems is technically complex.

2. sBTC Expansion (Q4 2025)

What it is: sBTC is a decentralized version of Bitcoin wrapped for use in DeFi on Stacks. The goal is to grow from 5,000 BTC locked to 21,000 BTC. This will happen through a trustless minting and redemption process and by connecting across blockchains using Wormhole’s NTT standard (Stacks).
Why it matters: If successful, Stacks could become the main platform for Bitcoin-based DeFi. Adoption depends on how many users and developers embrace these tools.

3. Wallet/Bridge Integrations (2025)

What it is: Stacks is working to integrate with Ledger Live (a popular hardware wallet app) and WalletConnect (used by over 45 million people) to make it easier to use STX and related features. They’re also adding Axelar bridge support to help move liquidity between blockchains (Stacks).
Why it matters: These integrations will make it simpler for new users to join and interact with the Stacks ecosystem, encouraging growth.

4. SIP-031 Governance (2025)

What it is: SIP-031 is a proposal to increase STX token emissions from 3.52% to 5.75% annually for five years. This would create a $25 million+ fund to support grants, marketing, and ecosystem development (TheStreet).
Why it matters: While this may cause short-term inflation (which can lower token value), it could help Stacks grow in the long run by funding important projects and attracting developers.

5. East Asia Expansion (Sept 30, 2025)

What it is: Stacks will host a “Building on Bitcoin” event at Token 2049 in Singapore, aiming to attract institutions and developers in East Asia.
Why it matters: The region is a strong market for Bitcoin, so this could help Stacks gain traction there. Success depends on forming strong partnerships.

Conclusion

Stacks is working to become the leading platform for Bitcoin-based smart contracts and DeFi. The upcoming Satoshi Upgrades and sBTC growth could strengthen its position, while wallet and bridge integrations will make it easier for users to participate. Keep an eye on the results of SIP-031 voting and how widely sBTC is adopted. The big question: How will Stacks stand out as more Bitcoin Layer 2 solutions emerge?


What updates are there in the STX code base?

Stacks recently upgraded its technology to better connect with Bitcoin-based decentralized finance (DeFi), improve security, and enable smoother interaction with other blockchain networks.

  1. Satoshi Upgrades (May 2025) – Introduced the ability to mint self-custodied sBTC and stake both BTC and STX tokens simultaneously.
  2. SIP-031 Funding Proposal (May 2025) – Suggested increasing STX token issuance to support faster ecosystem growth.
  3. Wormhole Integration (July 2025) – Enabled transferring sBTC and STX tokens to Solana and Sui blockchains, expanding Bitcoin DeFi across multiple networks.

Deep Dive

1. Satoshi Upgrades (May 2025)

Overview: These updates allow users to mint sBTC (a Bitcoin-backed token) without relying on third parties, stake both BTC and STX tokens at the same time, and pay transaction fees using sBTC. The goal is to make sBTC the main programmable Bitcoin asset and strengthen the network’s security. One key change speeds up transaction processing by separating Stacks block creation from Bitcoin’s usual 10-minute cycle. The Proof of Transfer (PoX) consensus method was also improved.
What this means: This is positive news for STX holders because it increases Bitcoin’s usefulness in DeFi, potentially unlocking billions of dollars in inactive Bitcoin funds. Users can now earn Bitcoin rewards through stacking and use sBTC to cover fees. (Source)

2. SIP-031 Ecosystem Funding (May 2025)

Overview: This proposal aims to raise over $30 million for the Stacks ecosystem by temporarily increasing the annual STX token issuance rate from 3.52% to 5.75% for five years. The funds would support developers, infrastructure projects, and marketing efforts to help Stacks compete better with other blockchain platforms. While this could cause short-term inflation (more tokens in circulation), it may attract more talent and improve coordination within the community.
What this means: This is somewhat positive for STX. Although more tokens could dilute current holders initially, the increased funding might lead to stronger long-term growth and adoption. (Source)

3. Wormhole Cross-Chain Support (July 2025)

Overview: Stacks integrated with Wormhole, a popular blockchain bridge, to allow sBTC and STX tokens to move to Solana and Sui blockchains using a “burn-and-mint” process. This lets Bitcoin-backed assets participate in DeFi applications on faster, high-capacity networks. This move addresses Stacks’ recent decline in total value locked (TVL), which dropped 60% since April 2024.
What this means: This is good news for STX as it connects to Bitcoin’s massive $2 trillion market and helps revive on-chain activity. However, competition from other blockchains like Hemi, which currently holds $990 million in TVL, remains a challenge. (Source)

Conclusion

Stacks is focusing on making Bitcoin DeFi more scalable with sBTC, securing funding for ecosystem growth, and enabling cross-chain compatibility. While the technology is complex and competition is strong, these updates position STX as a key link between Bitcoin’s security and the growing multi-chain DeFi landscape. It will be interesting to see how sBTC adoption affects STX’s price in the last quarter of 2025.