Stacks ecosystem TVL surpasses 600 million USD, establishes operational entity and launches 500 million STX donation fund

ChainCatcher news, the Bitcoin Layer 2 network Stacks announced that its Total Value Locked (TVL) will exceed $600 million by August 2025, mainly driven by the growth of sBTC bridging Bitcoin assets. An independent operating entity, Stacks Labs, has been established simultaneously, with Hiro Systems CEO Alex Miller serving as the interim head, responsible for protocol development and ecosystem expansion.

The Stacks Endowment fund has officially launched, allocating 500 million STX over the next five years for developer grants, DeFi incentives, and market expansion. Previously, the SIP-031 governance proposal passed with a 97.5% support rate, setting a voting record of 303 million STX.

The foundation has set up a dedicated page to track the progress of Stacks Labs and the donation fund, but has not disclosed a specific funding allocation timeline.