Stacks releases Q3 ecosystem report: BTC staked reaches 735, STX staked up over 25%

PANews, October 16 – Bitcoin Layer 2 platform Stacks has released its third-quarter ecosystem report. Data shows that a total of 735 BTC entered the Bitcoin staking system across the first two lock-up cycles. Since the PoX-5 hard fork, the amount of STX participating in staking has grown by more than 25%, from 392 million to 493 million. The first lock-up cycle (Bond 1) saw 230 BTC deposited, with participants including 21shares, HashKey Cloud, UTXO Management and Sypher Capital. The second lock-up cycle doubled the deposit amount to 505 BTC. Zest Protocol's locked value exceeded $80 million, with deposits exceeding $122 million, total borrowings exceeding $42 million, and 800 bitcoins deployed as collateral.

Stacks plans to launch self-custodial lending backed by staked bitcoin as collateral in the fourth quarter, along with the launch of Earn vaults and further integration of stBTC with platforms such as Zest, Bitflow and Hermetica. In addition, Stacks plans to roll out the Epoch 4.1 network upgrade in early December, which includes improvements to the Clarity smart contract language.