ALEX shining brightly at the center of Bitcoin DeFi in @MessariCrypto "State of Stacks Q2 2023" report:.
25 Jul 2023, 16:29
ALEX shining brightly at the center of Bitcoin DeFi in @MessariCrypto "State of Stacks Q2 2023" report:
"ALEX is the substrate for increased ecosystem activity through its AMM DEX, cross-chain bridges, BRC-20 DEX, and other products."
Highlights:
▶️ALEX’s average daily DEX volume increased 47% QoQ and 564% YTD.
▶️ALEX has firmly established itself as the heart of Stacks DeFi, with 92% TVL dominance as of Q2.
▶️On May 16, TVL set its yearly high of $36M USD (56M $STX).
Thank you @redvelvetzip for the thorough research.
Our growth is the result of constant building: ETH and BNB bridges as well as #B20byALEX, the first Orderbook on Bitcoin.
The value ALEX brings its users made us the DeFi of Bitcoin.