Stacks Q4 2025 shows 120% DeFi TVL growth. STX price drops 57%, market cap falls 57%. Dual Stacking introduces BTC-native yield pilot. Protocol revenue declines 32%, daily transactions down 15%. Ecosystem moves toward self-custodial Bitcoin staking.

Article Summaries:

  • State of Stacks Q4 2025 - Key Highlights

Stacks reported mixed Q4 results. DeFi TVL in STX rose 120.8 %, average STX stacked increased 6.1 %, and the DeFi diversity score improved from 4 to 5. However, the STX price fell 57.3 %, circulating market cap dropped 56.9 %, protocol revenue declined 32.2 %, and daily transactions and active addresses fell 15.1 % and 34.3 % respectively. Dual Stacking launched on Oct 30, enabling BTC‑native yield through sBTC pairing. The Stacks Endowment became operational with a $27 million 2026 budget, and Clarity 4 activated, boosting block arrival to 95.7 % within 5 seconds. The network remains poised for 2026 product launches amid a sharper drawdown than BTC and ETH.

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