Stacks Reaches Record High In Smart Contract Deployment Ahead Of Nakamoto Upgrade

According to Cointelegraph, Stacks, the Bitcoin network’s smart contract layer, has achieved a new all-time high in monthly smart contract deployments, surpassing 1,400. This milestone was announced by Stacks in a Sept. 7 post, highlighting a 30% month-over-month increase in smart contract activity on the platform. The record-setting deployment comes just before the full activation of the Nakamoto upgrade, which began rolling out at Bitcoin block 840,360 on Aug. 28. The upgrade is anticipated to significantly enhance Bitcoin-based decentralized finance (DeFi), also referred to as BTCFi, by bringing advanced DeFi capabilities to the Bitcoin network. Diego Mey, co-founder of Bitflow Finance, described the Nakamoto upgrade as a substantial advancement for Bitcoin DeFi and layer-2 scalability. He noted that the upgrade would shift Stacks to a