Bitcoin Layer 2 Stacks says its latest upgrade boosts DeFi capacity by up to 30x

Stacks Labs announced the implementation of its SIP-034 upgrade, which significantly boosts the capacity of the Stacks network for decentralized finance (DeFi) applications. The upgrade addresses a previous bottleneck where reaching any resource limit during block production would halt all processing, even if capacity remained. Now, only the specific exhausted limit is reset, allowing for more efficient use of resources and increased transaction throughput. The improvements are most notable in read-heavy and complex DeFi applications like concentrated liquidity and advanced automated market makers. While the upgrade doesn't directly impact the STX token's tokenomics, it's expected to increase network activity, potentially leading to more transactions, fees, and value surrounding the chain. The STX token is currently ranked 102nd in market capitalization, trading around $0.26.

(Source：The Block)