- Stacks achieved a milestone with 10,371 transactions in block 132,377, attributed to STX20 inscription minting.
- Stacks native token, STX, saw a 13% increase in value due to the surge in transaction activity.
- Crypto investor Crypto Tony sees potential for STX expansion, suggesting a bullish outlook above $0.88.
According to the latest on-chain data, the Bitcoin smart contract layer Stacks achieved a significant milestone by recording 10,371 transactions in block 132,377.
The Bitcoin smart contract layer Stacks contained 10,371 transactions in block 132,377, or the most transactions ever in a block on Stacks, driven primarily by STX20 inscription minting activity on the Stacks. Stacks token STX also gained 8% as a result. https://t.co/2qMEh3AJ1j— Wu Blockchain (@WuBlockchain) December 18, 2023
This notable number was shared by Chinese journalist Colin Wu and has been attributed to the vigorous activity related to STX20 inscription minting on the Stacks platform. Notably, the surge in transactions has had a tangible impact on the Stacks native token, STX, witnessing a 13% increase in its value at the time of writing.
The impact of this achievement is not…
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