Stacks TVL surpasses 600 million USD, establishing an independent entity to promote ecological development.

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[Coin World] Bitcoin Layer 2 network Stacks announced that its total lock-up value (TVL) will exceed 600 million US dollars by August 2025, primarily driven by the growth of sBTC bridge Bitcoin assets. An independent operating entity, Stacks Labs, has been established, with Hiro Systems CEO Alex Miller serving as the interim head, responsible for protocol development and ecosystem expansion. The Stacks Endowment Fund has officially launched, allocating 500 million STX over the next five years for developer funding, DeFi incentives, and market expansion. Previously, the SIP-031 governance proposal passed with a 97.5% support rate, setting a voting record of 303 million STX. The foundation has set up a dedicated page to track the progress of Stacks Labs and the donation fund, without disclosing a specific funding allocation timeline.

STX-4.34%
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MEVHuntervip
· 13h ago
Arbitrage opportunity, place a buy order and go!
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StealthDeployervip
· 13h ago
I should buy the dip and hold some STX now.
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SleepyValidatorvip
· 13h ago
It's another coin smashing, right?
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LayerHoppervip
· 14h ago
stx bull ah this wave can win
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