Bitgo Tie-Up Powers Stacks’ STX to Best Weekly Performance on Institutional Optimism.

Stacks is making major waves in the Bitcoin ecosystem, with a sharp rise in liquidity and a standout performance from its native token, STX.

Over the past week, STX has surged 56%, outperforming every other top-100 cryptocurrency. According to CoinDesk data, the token gained more than 21% in just the past 24 hours, climbing to a two-month high of $0.92 on Friday. Investors are increasingly betting on Stacks’ potential to drive institutional Bitcoin adoption.

Fueling the momentum, BitGo — a leading digital asset custodian and infrastructure provider — announced earlier this week it had integrated sBTC, a synthetic asset representing Bitcoin 1:1 on the Stacks network. This move opens up new DeFi opportunities for institutions looking to earn yields without sacrificing Bitcoin’s security or principles.

“sBTC unlocks a new era for Bitcoin-based DeFi while preserving Bitcoin’s core ethos,” said Abishek Singh, a product manager at BitGo. “With over $3 trillion processed and $48 billion in staked assets, BitGo is perfectly positioned to help institutions enter this evolving landscape.”

STX is essential within the Stacks ecosystem, powering transaction fees, smart contract creation, network governance, and the proof-of-transfer consensus system — which rewards holders with BTC for locking up STX.

In addition, the upcoming launch of an sBTC withdrawal feature, expected by April 30, will allow seamless movement between Bitcoin and sBTC. This could accelerate institutional involvement and foster the development of new applications blending Bitcoin’s trustless security with the flexibility of smart contracts.

Liquidity Growth Accelerates

Stacks’ DeFi ecosystem has also seen an impressive liquidity boom. According to data provider DefiLlama, stablecoin supply on Stacks has grown more than 400% in the first quarter alone — from around $1 million in January to nearly $7 million — ranking third behind Morph and Cronos in stablecoin growth.

The expanding liquidity signals growing confidence in Bitcoin layer-2 solutions as DeFi continues to evolve beyond Ethereum’s dominance.