Grayscale: Stacks Trust benefits the introduction of DApps into the Bitcoin ecosystem, increasing institutional interest

ChainCatcher news, yesterday Grayscale announced the creation of Stacks and Near trusts, marking Grayscale's first creation of new cryptocurrency trusts since 2024. Grayscale stated that Stacks helps bring smart contracts and decentralized applications (dApps) into the Bitcoin ecosystem, which will increase institutional interest.

It is reported that Stacks is a Bitcoin layer2 project founded in 2017, with its initial version fully tied to the Bitcoin UTXO mechanism, resulting in transaction speeds completely synchronized with Bitcoin, leading to a poor user experience. The latest Nakamoto upgrade is set to be fully launched in August, which will bring transaction speeds of around 10 seconds, greatly enhancing the interactive experience of the Stacks ecosystem.