Stacks released the Q3 ecosystem report: BTC staking amount reached 735 coins, STX staking amount increased by over 25%

Stacks, the second-layer platform for Bitcoin, has released its third-quarter ecosystem report. The data shows that a total of 735 BTC entered the Bitcoin staking system during the first two locking periods. Since the PoX-5 hard fork, the number of STX participating in staking has increased by over 25%, rising from 392 million to 493 million.

In the first locking period (Bond 1), a total of 230 BTC was deposited, with participants including 21shares, HashKey Cloud, UTXO Management, and Sypher Capital. The deposit amount in the second locking period doubled to 505 BTC. The locked value of Zest Protocol exceeds 80 million dollars, with deposits over 122 million dollars, total borrowings exceeding 42 million dollars, and 800 Bitcoin deployed as collateral.

Stacks plans to launch a self-custodial lending feature backed by staked Bitcoin in the fourth quarter, along with the introduction of the Earn treasury, and further integration of stBTC with platforms such as Zest, Bitflow, and Hermetica. Additionally, Stacks plans to release the Epoch 4.1 network upgrade in early December, which includes improvements to the smart contract language Clarity.