The Hiro Wallet, the #1 wallet in the Stacks Ecosystem, saw more than 40,000 downloads in its first year. Through this wallet, users can participate in stacking to earn monthly Bitcoin rewards as well as connect to over 50 applications and services.
More than 11,000 users earn over 100+ Bitcoin in monthly rewards on Stacks, with over $50 million in total rewards delivered to participants in the Stacks consensus mechanism, which has surpassed $1B in total value locked.
DeFi for Bitcoin became a reality with:
The launch of xBTC – the only wrapped Bitcoin asset secured by the Bitcoin blockchain;
Arkadiko’s lending protocols generating over $50 million in locked assets within the first two weeks of launch; and
The addition of Lightning decentralized swaps, where users can swap STX for Bitcoin, stablecoins, and more.
The first projects to launch on Stacks laid the foundation for new innovation. With CityCoins launching in New York City and Miami, over $50 million was generated for city treasuries. Over 140,000 NFTs were minted on Stacks, showing the demand for art inspired by and built for Bitcoiners. Finally, Hiro customers, including Arkadiko, ALEX, Sigle, Layer, and Moonray, collectively raised over $24 million.
“Stacks is the driving force to build a user owned internet,” said Brittany Laughlin, Executive Director of the Stacks Foundation, an independent non-profit organization that supports Stacks related governance, research and development, education, and grants. “The Stacks community has proven the incredible potential of smart contracts for Bitcoin, from DeFi to NFTs, city coins to philanthropic efforts, portable identity to new infrastructure, all in a single year. The technology and resources are all here, what happens next is dictated by visionary builders. We can’t wait to see what’s next!”
About Hiro Hiro, a public-benefit corporation, builds developer tools for Stacks so the world can build applications for Bitcoin. Together with Stacks, Hiro’s suite of tools unlocks the full potential of Bitcoin through smart contracts, digital assets and decentralized applications. For more information, please visit: https://www.hiro.so/