Stacks has achieved a record high of over 1,400 smart contract deployments per month just days before the highly anticipated Nakamoto upgrade. This milestone is a significant achievement for Stacks, the smart contract layer for the Bitcoin network.
In a September 7th update on X, Stacks announced:
“A new high and 30% increase [month-over-month] MoM for smart contract deployments on the leading Bitcoin L2, Stacks.”
The record comes ahead of the Nakamoto upgrade, which began its rollout at Bitcoin block 840,360 on August 28. This upgrade is poised to revolutionize Bitcoin-based decentralized finance (DeFi), or BTCFi, by introducing advanced DeFi capabilities to the Bitcoin blockchain.
The Nakamoto upgrade is anticipated to significantly advance Bitcoin DeFi and layer-2 scalability. Diego Mey, co-founder of Bitflow Finance, commented on September 7:
“With Nakamoto, Stacks shifts to a ‘Bitcoin-native’ model, enhancing performance and security for Stacks projects by relying more on Bitcoin’s infrastructure.”
Mithil Thakore, co-founder and CEO of Velar Bitcoin liquidity protocol, also noted:
“The upgrade will reduce Stacks’ block time to five seconds and achieve 100% Bitcoin finality.”
The final activation block for the Nakamoto upgrade is imminent. The upgrade’s activation window opened on August 28, but the exact date for full activation is still pending, as developers are monitoring at least two full “Stacking cycles” to ensure network stability.
Stacks’ upcoming Bitcoin-backed token, sBTC, is scheduled for release four weeks after the Nakamoto upgrade, and the project is on track to meet this timeline.
The upgrade is named in honor of Satoshi Nakamoto, the pseudonymous creator of the Bitcoin network.
