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Bitcoin’s layer-2 ecosystem is growing, with institutions interested in BTC-denominated yields. For this reason, Hex Trust added stacks and sBTC to its offering. Bitcoin’s (BTC) DeFi ecosystem is expanding, and institutions are taking notice. On Thursday, April 10, digital asset custodian Hex Trust added Stacks (STX) and sBTC to its crypto offering. This means that investors will be able to gain exposure to the growing Bitcoin layer-2 ecosystem. Investors will be able to earn staking yields in Bitcoin terms through sBTC, which runs on the Stacks Bitcoin layer-2 network. According to Giorgia Pellizzari, Head of Custody at Hex Trust, institutions will benefit from regulated access to Bitcoin DeFi. “Hex Trust’s support for STX and sBTC aligns with our mission to empower institutional clients with secure, compliant access to Bitcoin’s evolving utility,” Giorgia Pellizzari, Hex Trust The release coincides with growing demand for Bitcoin in Asia and the UAE—key markets that Hex Trust focuses on. Kyle Ellicott, Executive Director at the Stacks Asia Foundation, explained that Hex Trust’s support will boost access to Bitcoin DeFi investments. “Hex Trust’s expanded support strengthens the infrastructure for Bitcoin DeFi in Asia and globally. Their integration of sBTC and STX underscores the maturing ecosystem around Bitcoin’s programmable future,” Kyle Ellicott, Stacks For institutions, holding crypto assets directly can be difficult due to security and regulatory concerns. As a result, many rely on exchange-traded funds or custodians like Hex Trust to gain exposure to crypto assets. sBTC generates yields through DeFi protocols, where it is used for lending, yield farming, and more. The yields are denominated in Bitcoin, even though Bitcoin itself does not generate staking rewards. Stacks and sBTC are part of a growing ecosystem of Bitcoin DeFi protocols that leverage Bitcoin’s decentralization while offering more functionality than the base chain.

A new crypto rival priced at just $0.175 is making waves, with experts eyeing a meteoric rise to $20. Meanwhile, Stacks, Flare & The Graph are redefining Bitcoin smart contracts, interoperability, and Web3 data accessibility Current price: $0.7332 Market cap: $1.11B Stacks remains focused on improving its Bitcoin smart contract layer to enable Bitcoin use as an asset with blockchain transaction processing capabilities. Proof of Transfer (PoX) combined with Clarity programming allows Stacks to keep complete state knowledge of Bitcoin which enables it to extract network data whenever needed. The platform introduces sBTC as a 1:1 Bitcoin-backed asset that delivers Bitcoin compatibility to smart contracts through its interface. This upcoming development establishes enhanced capabilities by letting Bitcoin seamlessly transit from the Stacks layer to Bitcoin Layer 1. Current price: $0.01770 Market cap: $1.04B Flare operates as an EVM-compatible Layer 1 blockchain dedicated to enhancing interoperability through its decentralized access capabilities for external data resources. Two native protocols built into the platform allow users to acquire Web2 data while ensuring data integrity and reliability. The State Connector gives Flare smart contracts the ability to verify data that resides on blockchain networks and on the internet. The protocol verifies event information through a decentralized network which includes independent providers before this data enters decentralized applications. Current price: $0.1099 Market cap: $1.04B The Graph operates as an indexing method that increases distributed application (dApp) data access capabilities across multiple blockchain ecosystems. The platform allows developers to build subgraphs representing open APIs for blockchain data lookup using GraphQL syntax. The Graph enables blockchain networks of Ethereum and IPFS to achieve easier data retrieval and boost operational efficiency both in decentralized finance and throughout Web3 applications. Network participants who stake Graph Token (GRT) receive data indexing and querying service rewards according to their level of participation through Indexers and Curators and Delegators roles. GRT functions as an ERC-20 token which maintains the core operations of the network and provides distributed data management for blockchain technology. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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