DeFi Bitcoin: Stacks
Stacks may very well be the next major altcoin to have a sustained multi-year rally. DeFi development on Bitcoin is the next growth cycle in crypto space, and Stacks is at the forefront with 5-second blocks and Bitcoin rewards/yield for "stacking Stacks".
Our friends over at Nugget's News interviewed a Stacks ecosystem educator in this video prior to the Nakamoto upgrade of the Stacks system. The key information I'd like to draw your attention to is what he says about how the DeFi investment ecosystem has evolved in only the last year. The following table shows the dramatic growth in investment for Bitcoin DeFi:
| Timeframe | Date | Number of Investors | Number of Accelerators |
|---|---|---|---|
| (T=0 months) | December 2022 | 6 investors | 1 accelerator |
| (T=+6 months) | June 2023 | 30 investors | 6 accelerators |
| (T=+13 months) | January 2024 | 60 investors | 10 accelerators |
We all know what follows VC investment in the crypto space: marketing pumps.
These are the ground-floor early days for Bitcoin DeFi. If you missed out on the Ethereum DeFi cycle, and are reading this post before Bitcoin DeFi has taken off, then count yourself lucky.
Keep your eye on Stacks and if you're a builder, then Start Building!