You are currently viewing Stacks (STX) price outperforms the market as interest in layer-2 Bitcoin grows

STX emerges as a top performer as market participants’ interest in layer-2 Bitcoin continues to grow.

STX, the native token of the Bitcoin-focused Stacks layer 1 smart contract platform, is making waves in the crypto market after posting a 400% rally since October 2023. 

STX trading volume has jumped a staggering 2,600% over the same period to $437.6 million on Feb. 22. STX’s performance surpasses Bitcoin’s (BTC) 90% increase since Oct. 15, 2023, and according to Messari, STX outperformed Bitcoin in 2023 with a 600% increase year-on-year.

This year has seen a growing interest in Bitcoin layer-2 projects not only because of spot Bitcoin ETFs, which now have more than $10 billion in assets under management (AuM), but also because of their focus on Bitcoin Ordinals, which already have a $2.5 billion market cap.

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