Stacks is gaining serious momentum as institutional interest in Bitcoin’s DeFi space grows.
The network’s native token, STX, has soared 56% over the past week, outperforming the top 100 cryptocurrencies. According to CoinDesk, STX surged more than 21% in the past 24 hours alone, reaching a two-month high of $0.92 by Friday. Investors are betting on Stacks’ growing role in expanding Bitcoin’s utility through smart contracts and decentralized apps.
Fueling the rally was a major announcement from BitGo, a leading digital asset custodian, which this week integrated sBTC — a synthetic token pegged 1:1 to Bitcoin — into its platform. The integration gives BitGo’s institutional clients access to yield opportunities on Stacks without compromising Bitcoin’s core principles.
“sBTC unlocks a new wave of decentralized financial products rooted in Bitcoin’s philosophy — and we’re just getting started,” said Abishek Singh, product manager at BitGo. “BitGo’s track record, with over $3 trillion in processed transactions and $48 billion staked, positions it to drive institutional participation in Bitcoin DeFi.”
STX plays a key role within the Stacks network, enabling governance, smart contract deployment, transaction fee payments, and the proof-of-transfer consensus system that allows users to earn BTC by locking STX.
Further strengthening the ecosystem, an sBTC withdrawal feature is set to go live on April 30. This addition will allow institutions to move seamlessly between BTC and sBTC, opening the door for the creation of innovative DeFi products secured by Bitcoin’s network and enhanced by Stacks’ programmable layer.
DeFi Liquidity Expanding Rapidly
Stacks’ DeFi ecosystem is seeing robust growth. Liquidity surged in the first quarter, with stablecoin supply expanding over 400% — rising from around $1 million in early January to nearly $7 million by the end of March, according to DefiLlama. The Stacks network now ranks third in stablecoin growth behind Morph and Cronos.
The numbers highlight a major shift: Bitcoin-based DeFi is beginning to carve out a larger share of the decentralized finance landscape.
