community has agreed to the deployment of the Nakamoto Upgrade. According to the voting results, no STX holders voted against the proposal.
Interestingly, the value of STX jumped moments after the result went public. At press time, AMCrypto observed that STX’s price had increased by 17.34% in the last 24 hours. This performance was better thanthe Nakamoto Upgrade as a way to bring improvement to the network. One of the potential improvements includes faster transactions in Bitcoin block time. Another one is to decrease the Maximum Extractable Value linked with Bitcoin transactions.
However, STX price was not the only metric affected by the development. According to AMBCrypto’s analysis, growth also spread to its Total Value Locked .that the TVL had climbed to an all-time high of $156.52 million. The more the TVL increases, the more secure and valuable the network is perceived to be.The increase in the metric also meant that market participants trust that Stacks would produce more yields.
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