TL;DR

Companies like Jump Crypto, SNZ, and UTXO have made strong commitments to this innovative Bitcoin solution. Due to this, the value of the Stacks’ token has increased by more than 11%, currently trading at $0.8629.
The second phase of sBTC fundraising tripled its capacity and was fully subscribed in less than 24 hours, reflecting growing interest.
The demand for tokenized Bitcoin has reached 1.67% of BTC’s total supply, a level not seen since October 2022.

Stacks, one of the leading Layer 2 (L2) solutions for Bitcoin, is revolutionizing the DeFi ecosystem. Its most promising asset, sBTC, is gaining traction at an unprecedented rate due to its ability to unlock new functionalities without compromising Bitcoin’s security and decentralization. As a result, sBTC is quickly becoming a critical player in bridging Bitcoin with the broader decentralized finance landscape.

Since its mainnet launch in December 2024, sBTC has seen massive adoption, particularly from institutional investors. Well-known firms such as Jump Crypto, SNZ, UTXO, and Sypher Capital were among the first to join the initiative, enabling Bitcoin to transition from a static asset to one with real utility in the DeFi ecosystem.

The Demand for Tokenized Bitcoin Continues to Rise

One of the key factors behind sBTC’s success has been the increasing demand for tokenized Bitcoin. According to the Bitcoin Builders Association, the amount of BTC held in L2 solutions has grown to 1.67% of Bitcoin’s total supply, a figure not seen since 2022.

This surge has driven rapid expansion for sBTC. The initial sBTC fundraising phase filled up quickly, leading to a second round that tripled deposit capacity. Within just 24 hours, the cap was reached, highlighting strong interest from new institutions and protocols such as Zest Protocol, which currently controls nearly 40% of all circulating sBTC.

Currently, the price of STX is $0.8629, with a performance of +11.26% in the last 24 hours and a market capitalization of 1.3 billion dollars.

Bitcoin L2: An Unstoppable Expansion

The growth of Bitcoin L2 solutions has been one of the most significant developments in crypto over the past year. According to DeFiLlama, the total value locked (TVL) in Bitcoin L2 networks has surged by 460%, increasing from $500 million in 2024 to over $2.8 billion in February 2025.

The next major upgrade for sBTC will be its withdrawal functionality, scheduled for March 2025. This feature could drive sBTC adoption even further, facilitating its integration into various platforms and increasing its liquidity in the market.

As Bitcoin Layer 2 continues to expand and attract institutional investors, sBTC is emerging as a key solution to elevate the crypto ecosystem to a new level of efficiency and security.

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Filed under: News - @ February 27, 2025 3:27 pm