Stacks lifts sBTC supply cap, driving on chain activity and DeFi growth

Stacks lifted the sBTC supply cap and lowered the minimum casting requirements in the third quarter of 2025, unleashing scalable Bitcoin liquidity, promoting DeFi participation and supporting on chain activity and total lock up volume (TVL) recovery. In terms of quarterly data, the total trading volume increased by 61.9%, daily active addresses increased by 22.6%, DeFi TVL increased by 16.7% in US dollars, and the total number of pledged STX increased by 1.7%. （Messari）