State of @Stacks Q4 2025

Key Update: The sBTC peg was uncapped, Dual Stacking launched, and Clarity 4 went live—expanding scalable BTC liquidity, introducing early BTC-native yield, and strengthening throughput ahead of 2026 product rollouts.

QoQ Metrics 📊

• DeFi TVL (STX) ⬆️ 120.8%

• Average total STX stacked ⬆️ 6.1%

• DeFi diversity score ⬆️

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