SIP-031 Voting Period
SIP-031 introduces a growth-focused endowment to support ecosystem development, community initiatives, and infrastructure upgrades for Stacks. The goal? Accelerate adoption and enhance Stacks’ role as the premier Bitcoin L2, leveraging Bitcoin’s security while tackling its scalability limits (e.g., 7 transactions per second, per Bitcoin.com). Voting is open to STX token holders and Solo Stackers from June 25 to July 9, with details available at the official Stacks blog. This democratic process could shape the project’s financial strategy, making it a pivotal moment for the ecosystem.Recent NewsStacks has been on a roll! In the past three months, its market cap surged past $2 billion, reflecting growing institutional interest in Bitcoin L2s. The Nakamoto upgrade, rolled out earlier in 2025, improved transaction finality, boosting user confidence. Additionally, Stacks’ unique Proof of Transfer (PoX) consensus—where STX holders earn Bitcoin by securing the network—has drawn attention for its innovative approach to mining, as noted by CoinMarketCap.Future PlansLooking ahead, Stacks is committed to scaling its ecosystem. The Stacks Roadmap highlights ongoing research into transaction speed and throughput, building on Nakamoto’s success. Plans also include expanding sBTC (a wrapped Bitcoin token) and fostering more DeFi apps, positioning Stacks as a hub for Bitcoin-based innovation.Onchain DataWhile exact onchain metrics for June 2025 aren’t fully available yet, recent data from CoinMarketCap shows Stacks’ 24-hour trading volume at $18.7 million and a circulating supply of 1.53 billion STX as of mid-2025. Staking activity via PoX continues to grow, though specific wallet participation stats await the voting period’s conclusion.Community SentimentX sentiment is overwhelmingly positive! Users like @skcatsnctb have pledged a “YES” vote, while @Literary_Agent called it a “big move” with potential to transform ecosystem growth . Memes featuring Bitcoin symbols and enthusiastic replies suggest strong community support, though some await detailed endowment allocation details.Additional InsightsStacks faces competition from other Bitcoin L2s like Lightning Network, but its focus on smart contracts and DeFi gives it an edge. The voting outcome could influence STX’s price volatility—past SIPs have seen 5-10% price swings. For users, this means potential rewards via staking, balanced with market risks.Risk Disclaimer: Crypto investments carry volatility risks; research thoroughly before participating.
Stacks
July 9
