Stacking DAO Drives Stacks DeFi Ecosystem, Attracts $90 Million in STX

On September 26th, Stacking DAO drove the Stacks DeFi ecosystem to flourish, successfully bringing 13% of the $700 million STX pledge market (~$90 million) into the Stacks DeFi ecosystem through its liquidity pledge token, stSTX.

Currently, 48% of stSTX has been deployed by more than 21,000 users across Stacks' DeFi protocols. stSTX's widespread integration has fueled significant growth in the Stacks ecosystem, with the Stacks TVL surging from $40 million to more than $180 million, and the number of monthly active users growing from the hundreds to the thousands, according to DefiLlama data.