Stacks (STX) Stacks is an open network that allows users to b | Crypto Great | Bitcoin | DeFi

Stacks (STX)

Stacks is an open network that allows users to build dApps and smart contracts on the Bitcoin network.

Bitcoin native NFTs are booming and getting a lot of traction thanks to Stacks. In October, Bitcoin Birds, an NFT collection of 400 unique, hand-drawn pixel art birds built on bitcoin, sold out in just one hour.

Stacks putting NFTs on bitcoin could prove to be advantageous over competitors since bitcoin is the largest crypto by market cap and is the most secure blockchain on the planet. Its supporters prioritize security and Stacks’ scalable tech built on bitcoin, is now leading the charge in making extremely secure NFTs.

Stacks has taken a potentially lucrative position, as dormant onchain Btc will be activated for Stacks’ secure NFTs. These Bitcoin NFTs will stand out among a crowded market, leading to increased demand for STX tokens.

On October 8, Orbit Chain integrated Stacks to welcome bitcoin to the growing $80 billion DeFi economy. Stacks will be able to use Orbit Chain’s cross-chain protocol to transfer tokens, data, assets, and smart contracts on the Stacks bitcoin-connected blockchain to Orbit Chain’s network and the chains it connects to.

This connection is designed to unlock bitcoin’s massive potential. While bitcoin is the most traded and liquid cryptocurrency, it has largely gone untapped by the $80 billion DeFi industry. This partnership will enable bitcoin-secured lending, borrowing, and trading while also offering a direct connection to other DeFi protocols.

Stacks is redefining what bitcoin is capable of. As Stacks continues its push in bitcoin DeFi & NFTs, we anticipate more users switching over from centralized platforms to a more decentralized and cheaper platform that is bitcoin-native, like Stacks.