[Bitcoin Layer 2 Network Stacks Implements SIP-034 Upgrade to Enhance Network Processing Capacity] Odaily Planet Daily News: Bitcoin Layer 2 network Stacks announced that its SIP-034 upgrade has been implemented on the mainnet, potentially increasing the network processing capacity of certain DeFi applications by up to 30 times. The upgrade optimizes transaction processing limits by resetting only the depleted single resource limit instead of all limits, thereby utilizing block capacity more efficiently. Stacks Labs Product Lead Alex Huth stated that this improvement has the greatest impact on complex and read-operation-intensive DeFi applications, such as concentrated liquidity and advanced automated market maker (AMM) designs. While the upgrade does not directly alter the STX tokenomics, it is expected to indirectly increase transactions and fees as network activity grows. (The Block)