Stacks plans for Nakamoto Upgrade, total smart contracts deployed surge

Source Fxstreet
  • Stacks Nakamoto Upgrade is likely to be deployed on April 16, close to the Bitcoin halving. 
  • The total value of assets locked on the Stacks blockchain has crossed $150 million as of April 15. 
  • STX price has climbed nearly 35% from Saturday’s low of $2.07.

Stacks (STX) operates as a Layer 1 blockchain network and is set to deploy its Nakamoto Upgrade tentatively on April 16, close to the Bitcoin halving estimate of April 20. With the upgrade, the protocol aims to transform itself into a Bitcoin Layer 2 chain. 

STX has amassed a large volume in total value of crypto assets locked and the token’s price has rallied nearly 35% over the weekend. 

Stacks prepares for Nakamoto Upgrade

Stacks is a Layer 1 blockchain that works with the Bitcoin blockchain and works on the Proof-of-Transfer (PoX) consensus mechanism. Stacks is awaiting its next key upgrade, the Nakamoto Upgrade, focused on making the blockchain faster and more secure. 99.98% of voters favored the upgrade to the Stacks blockchain. 

In its official blog, Stacks explains that the upgrade will mean that the chain not only settles existing block transactions on Bitcoin but upgrades to 100% BTC reorg resistance. This will mean the STX blockchain becomes faster and has rapid block times. Currently, the block time is between 10 and 30 minutes. 

The Stacks Foundation estimates that the Nakamoto Upgrade will go live on April 16. Faster transaction times and Bitcoin finality are likely to draw market participants to Stacks. 

STX total value locked (TVL) has climbed to $156.69 million, according to data from DefiLlama. An increase in TVL signals the project’s increasing relevance among traders.

Stacks

STX TVL as seen on DeFiLlama

STX price is up nearly 35% from Saturday’s low of $2.07. At the time of writing, STX price is $2.73. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
Author  Irene Q.
Nov 10, Tue
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
Author  TradingKey
Yesterday 02: 00
On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
placeholder
Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money leftSpot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
Author  Irene Q.
Yesterday 03: 20
Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
placeholder
US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Author  TradingKey
Yesterday 08: 36
On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Related Instrument
goTop
quote