|Price to ATH||
Stacks (STX) is a cryptocurrency that aims to bring smart contracts and decentralized applications (dApps) to the Bitcoin blockchain. Stacks uses a unique consensus mechanism called "proof of transfer" (PoX) which allows STX holders to earn Bitcoin (BTC) by locking up their STX tokens and participating in the validation of transactions on the network.
One key feature of Stacks is its focus on decentralized finance (DeFi) applications, with the platform supporting the creation of decentralized exchanges, lending and borrowing protocols, and other DeFi products.
STX is used as the native currency of the Stacks network, and it is used to pay for transaction fees, smart contract execution, and other network services. STX can also be staked to earn BTC rewards through the PoX consensus mechanism.
Stacks is a promising project that aims to bring smart contracts and DeFi to the Bitcoin blockchain, while also providing an opportunity for STX holders to earn BTC through the PoX consensus mechanism.
With a total market cap of over $933 million, Stacks is the No. 53 cryptocurrency by market size. The currency symbol for Stacks is STX and it originated in the United States. There will only ever be 1.81 billion Stacks tokens issued. So far 1.41 billion tokens (78.1% of the total supply) have been issued.
We found crypto protocols offering up to 11.4% APY on Stacks deposits (11.4% APY CeFi). Check out our Stacks staking yields table for further details.
The technical price analysis for Stacks below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Stacks.
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