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MOVE Comment and Price Analysis - September 3, 2025
MOVE/USDT Technical Analysis MOVE Bottom Theme MOVE chart shows two patterns at the same time on the 4-hour timeframe. Blue trends show the main trend on the daily chart, while red trends show a short-term downward channel.The price is currently at an important daily support level, which also matches the lower line of the red downward channel. When these two levels meet, it can be an important signal for a possible price reversal.If the price breaks upwards from the red channel, the first target is $0.12 – $0.125. Moreover, if the price goes higher, the next target is $0.14 – $0.15.In short, MOVE is under short-term downward pressure, but daily support is holding. If this support holds strong, the price could break upwards and move toward $0.14 – $0.15.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the trades.
ZK Comment and Price Analysis - September 3, 2025
ZK/USDT Technical AnalysisAnalyzing the ZK chart, we can see a clear descending channel pattern. ZK is trading inside this pattern, touching both the lower and upper bands. Such patterns usually show the main trend direction, while the lower band often acts as a potential reversal zone. Falling Channel Structure The price is currently trading around $0.056, very close to the lower band of the channel. The $0.055 – $0.056 zone is both a horizontal support and the channel’s lower band, making it an important area for a possible bounce. If this level holds, the price could move first toward the mid-band of the channel, and then to the upper band.Short-term resistance levels:$0.059$0.062$0.066The $0.066 zone is the key decision level, as it matches the upper band of the channel and also acts as strong horizontal resistance. A breakout above this area would confirm an upside break of the descending channel and could lead to stronger recovery.On the other hand, if the $0.055 support fails, the next important levels to watch are $0.052 and $0.050.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the trades.
A New Era in Finance: Stocks Now on the Solana Blockchain
Crypto finance company Galaxy Digital has taken a significant step in combining traditional finance with blockchain technology. The company announced the tokenization of its Nasdaq-listed shares (GLXY) on the Solana blockchain.Galaxy Founder and CEO Mike Novogratz stated that this initiative aims to create a model that combines traditional capital markets with next-generation infrastructure. "Our goal is to create a tokenized stock that brings the best features of crypto, such as transparency, programmability, and composability, to the traditional world," Novogratz said.Galaxy and Superstate CollaborationThis project is being implemented through Superstate's "Opening Bell" platform. Superstate introduced the "Opening Bell" platform in May to bring SEC-registered stocks to the blockchain. This platform enables the issuance and trading of real SEC-registered stocks directly on-chain, rather than synthetic or derivative products. Superstate CEO Robert Leshner described this development as "the first example of a Nasdaq-listed company being tokenized on a major public blockchain." Leshner stated that Galaxy's registered shareholder list is updated in real time as tokens change hands, and that financial markets have experienced a significant upgrade with Superstate.With the tokenization process, Galaxy's shares will be held and transferred in their own crypto wallets by authorized investors who have completed KYC (Know Your Customer) processes. The company states that tokenized shares can be made accessible through Automated Market Makers (AMMs) and other decentralized finance (DeFi) platforms to increase liquidity and leverage.Tokenization Trend AcceleratesTokenization has become a rapidly growing field in recent years. According to RWA.xyz data, the total value of tokenized securities has reached $341 million. Traditionally illiquid assets, such as US Treasury bonds and private loans, are becoming more accessible thanks to blockchain technology. However, this rapid growth also raises concerns. Experts emphasize that tokenized stocks operate in a regulatory gray area and that the nature of these products can be misunderstood. "It's crucial for investors to understand that they don't own actual shares, but rather hold tokens issued by brokerage firms that allow them to benefit from the appreciation of the underlying shares," said John Murillo, chief business officer of fintech firm B2BROKER.Galaxy's move demonstrates the growing interest in moving publicly traded companies' stocks to the blockchain. Projects like Backed Finance's xStocks platform are also operating in this area. Tokenized stocks from more than 60 companies, including Netflix, Meta, and Nvidia, are offered on blockchains like Solana, BNB Chain, and Tron. Recently, xStocks announced that tokenized stock offerings are now available on Ethereum.
Ethereum Foundation's Giant Sell-Off: Announces 10,000 ETH Sale
The Ethereum Foundation's decision to sell 10,000 ETH (approximately $42.7 million) via centralized exchanges has generated widespread criticism in the cryptocurrency community. The foundation explained that this sale was intended to support long-term goals and maintain transparency.The sale, announced in a transparency statement published on September 2nd, will be phased in over several weeks. It states that the proceeds will be used for research and development activities, ecosystem grants, and donations. It emphasized that transactions will be made in smaller increments, rather than a massive one-time block sale, to mitigate any potential negative impact on the market. The foundation's announcement was also shared on the official X (formerly Twitter) account and received hundreds of thousands of views within hours. The foundation's move was met with criticism from some members of the Ethereum community. Critics argue that selling ETH directly on centralized exchanges could damage market sentiment and create unnecessary pressure. Instead, they argue that the Foundation should leverage existing decentralized finance (DeFi) protocols to raise funds without relying on centralized platforms.AaveChan founder Marc Zeller, a prominent community figure, summarized this view by saying, "Just use Aave." Zeller's comment reflects a widespread belief that the Foundation should also use the DeFi infrastructure it helps support. These criticisms are based on the argument that large sell-offs can be perceived as a bearish signal for the market, contradicting Ethereum's decentralized spirit. The Foundation's previous borrowing of $2 million worth of GHO stablecoin through the Aave protocol using Wrapped ETH as collateral demonstrates the feasibility of such decentralized methods.The Ethereum Foundation has previously sold ETHThe Ethereum Foundation has historically sold ETH during strong market periods to diversify its reserves and fund long-term projects. This latest plan is seen as a reflection of its strategy to support ecosystem growth.Binji, a Foundation employee, defended the sale by viewing it in the context of the broader market. He noted that the total of 10,000 ETH is a relatively small amount compared to the 403,800 ETH purchased by institutional companies in the same week. Binji emphasized that the Foundation's sales ultimately strengthen the Ethereum network by attracting more developers and users to the network, thus increasing the overall value of the ecosystem. This statement suggests that the sales should be viewed as an investment in the ecosystem rather than short-term speculation.For now, the Foundation insists that its gradual sales approach will minimize the negative impact on the market. However, with Ethereum trading at critical levels, it remains to be seen how the sales will play out and whether they will trigger volatility in the coming weeks. This tension between the community's sensitivity to transparency and decentralization and the Foundation's financial strategies will continue to be closely monitored in the crypto world.At the time of writing, Ethereum's ETH is trading at $4,370, a 0.6 percent decrease.
ENA Comment and Price Analysis - September 2, 2025
ENA/USDT Technical AnalysisAnalyzing ENA chart, we can see that the long-term downtrend has been broken above, as mentioned in the previous ENA analysis. After that, the price pulled back, completed the retest, and made a strong bounce. After the retest, the upward move gained momentum.The coin is currently trading around $0.72 and testing its first short-term resistance. If this level gets broken above, the price could swiftly move toward $0.80. Holding above $0.80 would open the way to the $0.93–$0.95 area, and later the psychological $1.00 resistance.On the downside, the first support is at $0.66, while the main defense zone is between $0.60–$0.62. This zone is strong because it is both a retest area and a horizontal support. As long as the price stays above this region, the bullish structure will remain intact.ENA has confirmed its breakout and retest, showing that the bullish potential may continue in the medium term. Summary:Market structure turned positive after the trend breakout.Current price: $0.72Support levels: $0.66 → $0.62 → $0.60Resistance levels: $0.72 → $0.80 → $0.93 → $1.00Retest confirmed, bullish scenario remains strong.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
BNB Comment and Price Analysis - September 2, 2025
BNB Technical OutlookThe main trend is upwards and thus seems positive. What is more, the price has reached $885 — all-time high (ATH) level as of today. BNB is currently trading around this level. Rising Channel Formation The price has broken the resistance level at $861, above which we have another upper resistance range between the levels at $892 – $928, which is both the upper border of the channel and where sellers could step in. Approaching the $900 level could mean hitting trend resistance. If this level gets broken, a technical target equal to the channel width can be calculated. This target points to $1500 in the medium term.We should be monitoring the following support levels in case of a pullback:$861$830$790These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
XRP Comment and Price Analysis - September 2, 2025
XRP Technical AnalysisThe rising channel structure is striking on the XRP chart. The price has begun to retreat after touching the upper band. Such movements are considered healthy in channel structures, as it is crucial for the price to take a breather and test support areas for the continuation of the uptrend.In the short term, the 2.85-2.93 area stands out as the first significant support. If this area holds, the price could move back towards the upper band of the channel. However, if it remains below this level, the next strong support lies in the 2.38-2.44 area. This area, which also intersects with the channel's lower trend, could be a critical area for a potential reversal.In an upside scenario, if the price tests above $3.00 again, the upward momentum can be expected to strengthen. The upper band of the channel corresponds to the 3.40-3.50 area on average and is a strong target. Shrinking Rising Structure Summary:XRP maintains its positive structure within the ascending channel.2.85-2.93 is the first support area.Strong support for a reversal as it intersects with the channel lower trend at 2.38-2.44.These analyses do not constitute investment advice and focus on support and resistance levels that may present potential trading opportunities in the short and medium term, depending on market conditions. However, the responsibility for executing trades and managing risk lies entirely with the user. It is also strongly recommended to use stop-loss orders for any trades mentioned.
Major Companies Accelerate Ethereum and Bitcoin Purchases
Institutional buying appetite is once again in the cryptocurrency markets. Prominent transactions in the last week of August witnessed billion-dollar movements in both Ethereum and Bitcoin. Leading names such as Ether Machine, Bitmine, MicroStrategy, and SharpLink bolstered their portfolios with massive acquisitions.Ether Machine and Citigroup SupportEther Machine acquired an additional 150,000 Ethereum in August. This move, equivalent to approximately $654 million at today's prices, attracted attention in the market. Citigroup's spearheading of a third financing round for the company worth at least $500 million is also noteworthy. The interest shown by institutional capital in Ethereum treasury companies is a critical development.Bitmine's ETH holdings reach 1.8 millionLast week, Bitmine announced the purchase of 153,075 ETH, bringing the company's holdings to 1.866 million. Bitmine's portfolio also includes 192 BTC and $635 million in cash reserves. Total assets have reached approximately $8.9 billion, making Bitmine one of the strongest Ethereum treasury companies in the market.MicroStrategy Doesn't Stop at BitcoinIn addition to its massive Ethereum acquisitions, MicroStrategy is also attracting attention in the Bitcoin market. Last week, the company purchased an additional 4,048 BTC. With the purchase, which was made at an average price of $110,981, MicroStrategy's total Bitcoin holdings reached 636,505. The company's founder, Michael Saylor, remains committed to its Bitcoin strategy and continues to position BTC as "digital gold" at every opportunity.SharpLink's Ethereum MoveSharpLink (SBET), a prominent Ethereum-focused company, has also announced new acquisitions. According to a statement released by X, the company purchased 39,008 ETH at an average price of $4,531. This brings SharpLink's total ETH holdings to 837,230. This reserve, worth approximately $3.6 billion, further enhances the company's market influence. SharpLink also announced that it has earned 2,318 ETH staking rewards since the beginning of June. The company's ETH concentration has increased by 97 percent to 3.94, while more than $71.6 million in cash reserves have yet to be released.
Two DeFi Protocols Hacked: $35 Million Stolen, Token Prices Crashed
The decentralized finance (DeFi) ecosystem was shaken by two consecutive attacks on September 2nd. Venus Protocol, which operates on the BNB Chain, lost approximately $27 million, while Bunni, an Ethereum-based decentralized exchange, lost $8.4 million, according to updated data.Venus Protocol Loss $27 MillionAccording to on-chain analysis, the attackers updated Venus Protocol's Core Pool Comptroller contract to a malicious address. This transferred the protocol's tokens, such as vUSDC and vETH, to the attacker-controlled address. The stolen funds are currently sitting in the attacker's wallet and have not yet been converted into other assets. Security teams are closely monitoring the movement of the funds. No official statement has been released by the protocol team or the community.Venus Protocol is one of BNB Chain's largest money markets, where users can earn interest by depositing stablecoins and major crypto assets and obtain loans against collateral. Its native token, XVS, plays a role in governance and incentives. Following the attack, the XVS price fell to $6, losing over 5% on a daily basis.Bunni suffered an $8.4 million hackThe second attack of the day targeted the Ethereum-based decentralized exchange Bunni. While initial reports indicated a loss of $2.3 million, later updated data indicated that the total loss reached $8.4 million.The attacker exploited a vulnerability in Bunni's liquidity distribution function (LDF) to manipulate contract calculations. This method resulted in excessive withdrawals from the protocol, bringing the funds under the attacker's control. The withdrawn assets were reportedly moved between the Ethereum and Unichain networks.Following the incident, the Bunni team announced that it had halted all smart contracts as a security precaution. Following the attack, the Bunni token price plummeted, losing more than 30% of its value to $0.0015. We can summarize the current situation as follows:ProtocolLoss AmountAttack MethodCurrent StatusVenus Protocol$27 millionComptroller contract updateFunds in attacker wallet, no official statementBunni$8.4 millionError in liquidity distribution functionSmart contracts suspended, investigation ongoing
Burn Proposal for WLFI, Which Has Declined After Launch
World Liberty Financial (WLFI), a globally recognized DeFi company, has presented a significant proposal aimed at making its ecosystem more attractive to long-term investors. According to the company's new plan, WLFI tokens will be repurchased from the market and permanently burned using all fees earned from liquidity positions held by the protocol.Aimed to incentivize long-term investorsThe proposal emphasized that the program "removes from circulation tokens held by investors who are not committed to WLFI's long-term growth, thereby increasing the relative weight of long-term supporters." The goal is to weed out short-term speculators and place investors who trust the project in a stronger position. Under the plan, WLFI will be burned from the market using fees generated from the protocol's liquidity pools on the Ethereum, Binance Smart Chain, and Solana networks. The collected tokens will then be sent to a special address called a "burn address" and removed from circulation. However, fees from the community or third-party liquidity providers will not be included in this program. How will the voting process proceed?The World Liberty Financial team announced that all burn transactions will be recorded on-chain and transparently shared with the community. Community members are also being presented with a three-option vote:Divert all protocol revenue to a buyback and burn program,Continue to retain revenue in the treasury, orRemain neutral.The voting and implementation schedule has not yet been announced, but initial reactions appear largely positive. If the plan is approved, the company plans to expand the program to include additional revenue sources in the future.WLFI Price DropsWorld Liberty Financial's native token, WLFI, began trading on major exchanges recently. Launching at $0.32, the token quickly fell 34% to $0.21. As of this writing, the price is hovering around $0.24.Despite this, the token's trading volume has reached remarkable levels. According to market data, WLFI's trading volume has surpassed $2.5 billion on major exchanges like Binance, Coinbase, and Upbit. Currently, 27.35 billion units of the token, with a total supply of 100 billion, are in circulation.An interesting detail is that pre-sale investors are still making significant profits. These investors purchased the token for just $0.015. For example, according to blockchain analysis firm Bubblemaps, Tron founder Justin Sun's WLFI holdings have still increased in value by approximately tenfold.World Liberty Financial, founded in 2024, stands out for both its DeFi solutions and stablecoin initiatives. Publicly supported by US President Donald Trump and his family, the company quickly garnered significant attention. USD1, the dollar-backed stablecoin the company launched, is currently the sixth-largest stablecoin with a market capitalization of $2.6 billion.
ETH Comment and Price Analysis - September 1, 2025
ETH/USDT Technical AnalysisWhen we analyze Ethereum, we can see a clear falling wedge pattern. This pattern generally ends up with an upward breakout; therefore, we should be watching it closely. Düşen Kama Formasyonu The current price is $4,368, moving near the middle line of the wedge. The first support is at $4,233. If the price falls below this, the next support is $4,150. Staying above these levels keeps the pattern valid.On the upside, the first resistances are $4,381 and $4,486. If the price stays above $4,486, the next targets are $4,593 and $4,632.The height of the wedge is about $800–$900. If Ethereum breaks up strongly, the price could surge to around $5,000–$5,200.In summary, Ethereum is squeezed inside a falling wedge. Watch the $4,233–$4,150 area for support and $4,486 for a breakout. The breakout direction may cause strong moves in the coming days.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
SUI Comment and Price Analysis - September 1, 2025
SUI/USDT Technical OutlookThe SUI chart shows a clear falling wedge pattern. This pattern often leads to an upward breakout because the price is getting squeezed with lower highs and higher lows. As the price moves inside the narrowing range, a breakout is likely soon. Falling Wedge Formation SUI is currently $3.23, close to the lower line of the wedge. The first important support is at $3.19. If the price stays above this, the outlook is positive. Below it, watch for strong supports at $2.95, $2.87, and $2.63.On the upside, the first resistance is around $3.45–$3.55. If the price goes above this, it may rise quickly to $3.80 and $4.00. The technical target of the pattern is around $4.30.In short, the falling wedge on SUI is still active. As long as the price stays above $3.19, the pattern is valid. If it breaks up, targets are $3.80–$4.00 first, then $4.30. If support is lost, the price may drop to $2.95–$2.63.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
WLD Comment and Price Analysis - September 1, 2025
WLD/USDT Technical AnalysisThe WLD chart shows a descending triangle pattern. The price is moving in a tight range with lower highs and higher lows. These patterns usually end with a strong breakout.The current price is $0.88, trading close to the lower band of the triangle. The $0.85 level is a key support. If this level holds, the pattern stays valid. If it breaks, the next supports are at $0.81, $0.71, and $0.64.On the upside, the first resistance is at $0.97 – $1.00. The main decision zone is $1.10 – $1.15, which overlaps with the triangle’s upper band. A breakout above this level, with strong volume, could confirm the bullish scenario and target $1.28 – $1.35, and later $1.60. Narrowing Triangle Structure SummaryThe triangle pattern is active and close to its final stage.$0.85 is the critical support. Below that: $0.81 → $0.71 → $0.64.First resistance: $0.97 – $1.00. Main decision zone: $1.10 – $1.15.Break above the upper band could lead to $1.28 – $1.35 and then $1.60.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ZRO Comment and Price Analysis - September 1, 2025
ZRO Technical OutlookZRO is still trading inside a wide horizontal channel. ZRO is currently at $1.87, touching the lower border of a triangle-like consolidation pattern. Holding this area is critical to keep the structure positive.In the short term, staying above $1.87 could trigger another upward move. The first resistance is at $2.08. If this level breaks, the next targets are in the $2.58 – $2.76 range. The upper border of the channel at $3.35 stands as the major resistance. A breakout above this level would confirm a larger bullish structure.On the downside, if the price falls below $1.87, the first key support is $1.65. A close under this level could open the way for deeper pullbacks toward $1.46 and $1.33. Range Area SummaryPrice is holding above the critical $1.87 support.First resistance: $2.08.Next resistances: $2.58 – $2.76.Major resistance: $3.35 (breakout could spark strong upside).Supports to watch: $1.87, $1.65, $1.46, $1.33.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
What is Stacks (STX)?
In the cryptocurrency world, Bitcoin is often referred to as "digital gold" and is often known only as a store of value or payment method. However, thanks to additional layers built on Bitcoin, the limits of this powerful network can be pushed much further. This is where Stacks comes in. Stacks (STX) is a protocol that enables the development of smart contracts and decentralized applications (dApps) based on the security of the Bitcoin network. Initially announced as Blockstack, the project was renamed Stacks by community decision in 2020 and has since aimed to bring the Web3 vision to Bitcoin. The STX token is at the heart of the network, offering a wide range of uses, from paying transaction fees to participating in governance, earning Bitcoin rewards through stacking, and developing applications. In short, Stacks serves as a bridge developed to transform Bitcoin's robustness into a modern software ecosystem.This guide covers everything you need to know about Stacks, from its history and technical features to its founders and their role in the ecosystem. Definition and Origins of StacksStacks is a blockchain protocol that leverages Bitcoin's security to enable next-generation applications. While Bitcoin is a unique network in terms of security, its limitations in smart contracts have paved the way for projects like Stacks. Stacks aims to address this shortcoming and make Bitcoin a more programmable platform. This allows both decentralized finance (DeFi) solutions and Web3 applications to be ported directly to Bitcoin. Stacks/Bitcoin integration. Source: Stacks The project first emerged in 2013 under the name Blockstack. The Blockstack team's vision was to build an internet where users controlled their own data, eliminating the need for centralized structures. At the time, blockchain technology was still in its early stages, and even Ethereum was just beginning to gain traction. Therefore, Blockstack was born as an academic initiative and progressed in a research laboratory manner. Presentations and published articles supported by institutions like Princeton University provided the project with a scientific basis.Blockstack made waves with its first whitepaper published in 2017. This document detailed how a software layer built on Bitcoin could function. Around the same time, Blockstack developed the decentralized storage solution Gaia and the identity system, which allowed users to store their identities on the blockchain. These products proved that the project worked not only in theory but also in practice. The community began to grow rapidly during this period, and Blockstack events began to be organized.2019 was a historic year for Blockstack. The team became the first blockchain startup to hold a public token sale, receiving approval from the U.S. Securities and Exchange Commission (SEC). This sale launched the STX token and attracted investor interest. While regulatory uncertainty was a topic of discussion in the crypto world at the time, Blockstack's compliance with the legal framework generated significant buzz. This step both added credibility to the project and signaled that Stacks would become an attractive infrastructure for institutional investors in the future.In 2020, the project underwent a significant transformation. Following a community vote, Blockstack's name was changed to "Stacks." Blockstack originated from the idea of a decentralized internet; Stacks, however, focused directly on Bitcoin and evolved into a powerful platform for smart contracts and dApps. During this period, Blockstack PBC, renamed Hiro Systems PBC, continued to provide developers with tools and infrastructure.Preparations for Stacks 2.0 began around the same time. With this update, which went live in early 2021, the Proof of Transfer (PoX) consensus mechanism was introduced, and smart contracts became writeable using the Clarity programming language. Stacks 2.0 further deepened its integration with Bitcoin and offered STX holders the opportunity to earn Bitcoin rewards by locking their tokens. This was the birth of the mechanism known as "stacking." Thus, Stacks emerged as a unique ecosystem operating with Bitcoin's security, offering programmable rewards, and offering rewards.In short, the journey that began as Blockstack continues today as Stacks. Initially conceived with the vision of a decentralized internet, the project has evolved into a protocol that builds smart contracts on Bitcoin. Born as a research idea in 2013, Blockstack has achieved a unique position in the crypto world with critical milestones such as the SEC-approved token sale and Stacks 2.0. Today, Stacks is one of the strongest bridges on the path to the Web3 vision by making Bitcoin programmable.Stacks' History: Key MilestonesStacks' development process isn't just a name change; it's a major evolutionary story in the blockchain world. What began as a small research project in 2013 has grown over the years, both technically and in terms of community support, transforming it into one of the most important layers of the Bitcoin ecosystem. Below, we'll examine the critical milestones in Stacks' history in chronological order.2013: The Blockstack project was launched by Muneeb Ali and software developer Ryan Shea from Princeton University. The initial goal was to create an internet infrastructure where users could control their data and not be reliant on centralized structures.2017: The project's first whitepaper was published. This step laid out how the Blockstack vision would technically function. Community support grew significantly during this period, and Blockstack began to gain recognition not only in academic circles but also within the crypto community. 2019: Blockstack PBC (now Hiro PBC) made history by holding the first SEC-approved public token sale. This sale, conducted under Reg A+ regulation, officially launched the STX token. This made Blockstack one of the leading projects in the crypto world that operates in compliance with regulations.2020: Following a community vote, the project was rebranded, and the Blockstack name was changed to "Stacks." This change signified not only a name update but also a vision update. The project now became a protocol focused on building smart contracts on Bitcoin.2021: On January 14, 2021, the Stacks 2.0 mainnet was officially launched. This update introduced the Proof of Transfer (PoX) consensus mechanism, introduced the Clarity programming language for developers, and allowed STX holders to earn Bitcoin rewards for staking their tokens. These developments transformed Stacks from a mere vision project into an active ecosystem. 2023–2024: The Ordinals protocol and the NFT wave attracted significant attention in the Bitcoin ecosystem. This period also served as a jumping-off point for Stacks. Bitcoin DeFi applications began to develop on Stacks, particularly with solutions like sBTC, which backs 1:1 Bitcoin, and the ecosystem grew significantly.2025: The Stacks ecosystem experienced a major leap forward. TVL exceeded $100 million, sBTC and STX were migrated to networks like Sui via Wormhole, and developer activity reached a record high. Furthermore, preparations for the Nakamoto upgrade accelerated, the STX Endowment fund was launched, and institutional expansions took place in the Middle East and Asia. As of September 2025, the STX price was around $0.60. Why Is Stacks Valuable?Stacks is a pioneering protocol that enables smart contracts on Bitcoin. Its most important feature is its robust security and direct use of Bitcoin's vast ecosystem. All transactions on Stacks are confirmed by being embedded in Bitcoin blocks. This means that an attacker attempting to manipulate the Stacks network would also need to rewrite the Bitcoin chain, which is virtually impossible.Stacks' security model is based on a unique mechanism called Proof of Transfer (PoX). In this system, miners spend Bitcoin to produce Stacks blocks. A portion of this spent BTC is shared with users who contribute to the network, or "stackers," who lock their STX tokens. This allows both new blocks to be created and Bitcoin rewards to be distributed to those participating in the ecosystem. In other words, STX holders can "stack" their tokens by locking them for a certain period of time and earn BTC directly in return. This feature makes Stacks not only a smart contract platform but also an ecosystem that offers passive income opportunities to its users. Stacks' mechanism. Source: Stacks Additionally, Stacks is building a rich Web3 world on Bitcoin. Numerous projects, including wallet applications, NFT platforms, decentralized exchanges (DEXs), and lending and borrowing protocols, run on the Stacks network. Developers can write secure and predictable smart contracts that can read Bitcoin's on-chain state using the specially designed Clarity programming language. One of Stacks' key differentiators is its ability to pave the way for Bitcoin DeFi solutions.Technical FeaturesThe most striking element of Stacks's technical structure is its Proof of Transfer (PoX) consensus mechanism. In this system, Stacks miners generate blocks by spending Bitcoin, and a portion of the spent BTC is distributed to users (stackers) who lock their STX tokens. Thus, the Stacks network directly leverages Bitcoin's security, and each block is embedded in the Bitcoin chain, providing an additional layer of security.The network's native token is STX. The total supply is planned to reach approximately 1.818 billion units over time, and this emission process will continue until 2050. The minting of new STX tokens and their reward mechanisms are managed through the PoX system. This allows the supply to expand transparently, based on specific rules.Stacks blocks operate in sync with Bitcoin blocks. The average block time is approximately 10 minutes because it directly parallels Bitcoin's block time. However, the planned Nakamoto upgrade aims to reduce this time to seconds, making the network significantly faster.For smart contracts, Stacks uses the specially designed Clarity programming language. Clarity is a decidable language, providing a secure and predictable structure because its outcome is known before execution. Furthermore, thanks to its ability to read the state of the Bitcoin chain, developers can write dApps and smart contracts that interact directly with Bitcoin assets. Clarity language example. One of the standout features for STX holders is the stacking mechanism. Users can contribute to the network by locking their STX tokens for a certain period of time and earn Bitcoin rewards in return. This method, also known as "stacks staking," allows STX holders to both contribute to network security and earn passive income in BTC.Furthermore, the STX token is used to pay transaction fees on the network. It also allows holders to participate in network governance and vote on new proposals. Numerous applications within the Stacks ecosystem, from NFT projects and DeFi protocols to DAO initiatives and decentralized exchanges, operate on the STX token. Thus, Stacks supports a large and vibrant Web3 ecosystem built on Bitcoin.Who Founded Stacks?The founders of Stacks are Muneeb Ali, a computer science PhD student at Princeton University, and software developer Ryan Shea. Ali, who recognized the potential of blockchain technology during his academic studies, focused on building new solutions on Bitcoin. Shea contributed his software development experience to the project.The duo launched a venture called Blockstack in 2013. Initially driven by the vision of building a decentralized internet infrastructure, the team grew the project over the years. In 2020, the name Blockstack was changed to Stacks by community decision.Today, Stacks' development is driven by a global community rather than a centralized team. This is spearheaded by a company formerly known as Blockstack PBC, which later became Hiro Systems PBC. Hiro provides developers with tools that simplify application development on Stacks and supports the growth of the ecosystem. Thus, Stacks has become a constantly evolving platform, driven by both the founders' vision and the contributions of the open-source community.Frequently Asked Questions (FAQ)There are many questions about Stacks. From the project's origins and founders to how it works and the STX token offering, many details remain a source of concern for investors and users. We've prepared answers to frequently asked questions below:When did Stacks (STX) come into being?: The foundations of Stacks were originally laid in 2013 under the name Blockstack, but the project's active entry into the crypto market began in 2018. The project entered a completely new era when the Stacks 2.0 mainnet went live on January 14, 2021. Since then, Stacks has become a powerful infrastructure enabling the execution of smart contracts and real-time applications on Bitcoin.Who are the founders of Stacks?: The founders of Stacks are Muneeb Ali, a PhD candidate in computer science at Princeton University, and software developer Ryan Shea. The duo launched the project in 2013 under the name Blockstack and, over time, brought their vision for Stacks, focused on Bitcoin, to life. Today, development is led by Hiro Systems PBC and a large open-source community, allowing Stacks to continue to exist as a constantly evolving and growing ecosystem. How does Stacks work, and how does it relate to Bitcoin?: While Stacks operates as an independent chain, it has a unique structure that derives its security directly from Bitcoin. Thanks to the Proof of Transfer (PoX) consensus mechanism, miners create Stacks blocks by sending Bitcoin. A portion of spent BTC is distributed to users who lock their STX tokens, ensuring both security and rewarding participants. Ultimately, every transaction made on Stacks is recorded in Bitcoin blocks, ensuring back-to-back verification.What is the total supply of STX tokens?: The total supply of STX tokens is capped at approximately 1.818 billion units. According to the emission plan, this supply will be gradually reached by 2050, and new tokens will continue to be minted through the PoX mechanism. Therefore, the amount of STX in circulation will increase in a controlled and predictable manner over the years.What is Stacks for, and why are they valuable?: Stacks is a leading protocol that enables the development of smart contracts and decentralized applications on Bitcoin. The project distinguishes itself by leveraging Bitcoin's robust security and offering a unique structure with the PoX mechanism. Furthermore, STX holders can lock their tokens for stacking and earn Bitcoin rewards in return. This has made Stacks a sought-after infrastructure for Web3 projects, NFT platforms, and Bitcoin DeFi applications.How can dApps be developed on Bitcoin with Stacks?: Stacks offers developers the specially designed Clarity programming language. Clarity allows developers to read the state of the Bitcoin chain, enabling the writing of secure, predictable smart contracts. As applications run on the Stacks chain, their results are reflected in the Bitcoin network, creating a secure bridge between the two chains. With tools and wallets like Hiro and Xverse, dApp development is becoming more accessible for developers.For more content on Stacks and Bitcoin-based smart contract projects, follow the JR Kripto Guide series.
