Stacks surges 102.22% as Bitcoin layer-2 token leads crypto rebound

Stacks (STX), the native token of a Bitcoin layer-2 network, rose 102.22% over seven days to $0.2418, making it the market's strongest-performing cryptocurrency. The rally extended with a 6.45% gain on Monday, while 24-hour trading volume increased 6.36% to $437.74 million, indicating strong buying interest. Stacks supports decentralized applications on Bitcoin and is designed to expand Bitcoin's DeFi (decentralized finance) use cases. Bitcoin's weekly advance to $80,000, its first move to that level in more than three months, helped support the rally. Other leading gainers included Ethena at 91.72%, Official Trump at 81.80%, Pudgy Penguins at 69.31% and Pepe at 63.47%. The total cryptocurrency market expanded 24% in one week, from $2.18 trillion to $2.72 trillion.

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