The project, formerly known as Blockstack, was rebranded to Stacks in Q4 2020. It was developed to bring smart contracts and decentralized finance applications (DApps) to Bitcoin. The native token of the project is STX, which enables the execution of smart contracts, the processing of transactions, and the registration of new digital assets on the Stacks 2.0 blockchain.
The price of STX has increased by about 52% in the last 7 days, but has fallen by 0.53% in the last 24 hours. Therefore, today’s decline can be seen as a corrective move.
