Stacks (STX) continues to gain momentum in the evolving Web3 landscape, offering unique integration with Bitcoin’s secure blockchain while enabling smart contracts and decentralized applications (dApps). As of today, the STX price stands at $0.6603**, with a 24-hour trading volume of **$20,896,395. The cryptocurrency has seen a 6.18% decline over the past day but shows a modest 1.19% increase across the last seven days. With a current market cap of $1,012,142,353, Stacks ranks #61 among all cryptocurrencies.
The circulating supply of STX is 1,532,866,513 tokens, out of a maximum supply capped at 1,818,000,000 STX. This positions Stacks as a deflationary asset with predictable issuance, aligning with long-term value retention strategies. Notably, today’s price is 82.75% below its all-time high, yet remains 1,367.06% above its historic low, reflecting both resilience and growth potential within volatile market conditions.
All data is updated in real time, ensuring traders and investors have access to accurate market insights. Major exchanges such as Binance, KuCoin, and Kraken lead in STX trading activity, offering high liquidity and competitive pricing.
What Is the Stacks Token (STX)?
The Stacks token (STX) serves as the native cryptocurrency of the Stacks blockchain, formerly known as Blockstack. Designed as a Bitcoin Layer-2 scaling solution, Stacks brings programmability to Bitcoin by enabling smart contracts and decentralized applications (dApps) without altering Bitcoin’s core security model.
Unlike traditional smart contract platforms that operate independently, Stacks leverages Bitcoin’s proven consensus mechanism for finality and security. Every transaction on the Stacks network is anchored back to the Bitcoin blockchain, making it one of the most secure environments for DeFi, NFTs, and digital identity solutions.
Core Use Cases of STX
- Network Fuel: STX is required to execute transactions, deploy smart contracts, and interact with dApps on the Stacks ecosystem.
- Mining & Consensus: Miners on the network use Bitcoin to compete for the right to mine new STX blocks through a mechanism called Proof-of-Transfer (PoX).
- Staking (Stacking): Users can lock up (or “stack”) their STX tokens to earn Bitcoin rewards—a rare feature in the crypto space that directly incentivizes holding.
- Governance: Future protocol upgrades may involve STX holders in decision-making processes, enhancing decentralization.
This multi-functional design makes STX more than just a speculative asset—it's an essential utility token powering a growing ecosystem built on top of Bitcoin.
Who Created Stacks?
Stacks was developed by Hiro Systems PBC, originally launched as Blockstack PBC. The project was co-founded by Muneeb Ali and Ryan Shea, both of whom have been instrumental in advancing blockchain-based identity and decentralized computing.
The platform has received backing from prominent investors including:
- Winklevoss Capital
- Digital Currency Group
- Y Combinator
These partnerships have helped solidify Stacks’ credibility and accelerate development, particularly in areas like decentralized identity (e.g., .btc usernames) and Bitcoin-integrated DeFi.
Key Features of the Stacks Blockchain
1. Bitcoin-Secured Smart Contracts
Stacks enables Turing-complete smart contracts while relying on Bitcoin for settlement and security. This hybrid approach allows developers to build powerful applications without sacrificing safety or decentralization.
2. Proof-of-Transfer (PoX) Consensus
Instead of energy-intensive mining like Proof-of-Work, Stacks uses Proof-of-Transfer, where miners bid BTC to earn newly minted STX. This innovative consensus model:
- Rewards honest participation
- Distributes STX fairly
- Strengthens alignment between Bitcoin and Stacks ecosystems
Crucially, users who participate in stacking receive BTC payouts—not STX—creating a compelling yield opportunity for long-term holders.
3. Decentralized Identity & Storage
Stacks supports user-owned identities through the Blockstack Browser, allowing individuals to log into apps without sharing personal data. Combined with Gaia storage—a decentralized file system—this creates a privacy-first internet experience.
4. NFTs and DeFi on Bitcoin
With Stacks, Bitcoin is no longer just digital gold—it becomes programmable money. Projects like:
- CityCoins (community-driven city tokens)
- Alex Lab (DeFi protocols)
- Gamma.io (NFT marketplace)
...are already live, proving that a vibrant ecosystem can thrive atop Bitcoin.
Is STX Secure?
Yes—Stacks inherits Bitcoin’s security model through its anchoring mechanism. All critical state transitions on the Stacks chain are recorded on the Bitcoin blockchain via periodic commits. This means:
- No fork of Stacks can succeed without also forking Bitcoin
- Double-spending attacks are economically infeasible
- Finality is guaranteed by the world’s most secure PoW network
Additionally, the PoX consensus ensures continuous economic alignment between miners, stackers, and Bitcoin holders.
Frequently Asked Questions (FAQ)
What is the current price of STX?
As of now, the STX price is $0.6603, with active trading across major exchanges like Binance and Kraken.
What was the highest price STX has ever reached?
The all-time high for STX was $3.83, achieved on April 2, 2024—approximately 1 year and 3 months ago.
What was the lowest price STX has ever hit?
The historic low was $0.0450, recorded on March 13, 2020, over five years ago.
How does Stacking work?
Stacking is Stacks’ version of staking. Users lock up their STX tokens for set cycles (each lasting about two weeks) and earn Bitcoin rewards in return. It's not only a yield-generating tool but also helps secure the network.
Can I mine STX?
Yes, but not through traditional mining. Miners use Bitcoin to participate in the Proof-of-Transfer process. By sending BTC to designated addresses, they compete to mine new STX blocks and earn block rewards.
Where should I store my STX securely?
For maximum security, use hardware wallets like Ledger or Trezor. These cold storage solutions protect your private keys from online threats and support STX through compatible software interfaces.
Market Outlook and Future Potential
With increasing demand for Bitcoin-layer innovations, Stacks is well-positioned to capture value as the leading smart contract platform anchored to BTC. Its regulatory milestone—being the first crypto asset approved by the U.S. Securities and Exchange Commission (SEC) for a Reg A+ token offering—adds legitimacy and opens doors for institutional adoption.
By 2050, the total supply of STX is expected to exceed 1.82 billion tokens, with inflation gradually decreasing over time. This predictable emission schedule fosters transparency and investor confidence.
As Web3 adoption grows, so does the importance of secure, decentralized infrastructure. Stacks offers a compelling vision: a programmable Bitcoin economy where users control their data, assets, and identities.