Stacks active accounts reach record high amid growing interest in Bitcoin DeFi

The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager.

Leading Bitcoin layer-2 (L2) network Stacks has reached an all-time high in active users, driven by a growing interest in Bitcoin-native decentralized finance (DeFi).

Stacks reached a new all-time high of 122,497 active accounts during April. Active accounts are addresses that performed at least one transaction, according to a May 2 X post by Bitcoin (BTC) data provider Signal 21.

The record account count suggests a growing interest in Bitcoin DeFi, or BTCFi, and comes over a week after the 2024 Bitcoin halving and the launch of Runes, a new protocol for issuing fungible tokens on the Bitcoin network.

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