Bitcoin’s ‘DeFi summer’: After Runes, how will Stacks’ Nakamoto help BTC?

fees by 1,200%. Transaction fees hit a record high of $80M after the new memecoin protocol went live on Bitcoin., another key player in the Bitcoin L2 space, could drive higher fees after completing the two-step Nakamoto upgrade. Reacting to Runes-linked fee surge, Stacks co-founder Muneeb Ali

The overheating Bitcoin L2 space caught Bernstein’s attention. In a Monday note to clients, Bernstein analysts reiterated, “In essence, the Nakamoto release is poised to redefine Bitcoin’s role and utility, elevating its capabilities and actually fulfilling the narrative Bitcoin DeFi. StacksSTX was up over 36% on the weekly charts and rallied 8% on Monday. This was just before the first phase of the Nakamoto upgrade went live. It traded at $3 at press time after hitting resistance at $3.1.

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