| Unlock | 10/10 |
| Tokenomics | 5/10 |
| Insider | 7/10 |
| Onchain | 4/10 |
| Dev Activity | 1/10 |
| Revenue | 2/10 |
| Institutional | 5/10 |
| Etf | 5/10 |
| Market Structure | 7/10 |
| Security | 7/10 |
Stacks completed its Nakamoto upgrade in Q4 2025, enabling faster blocks and the sBTC bridge for native Bitcoin DeFi. Fireblocks integration in February 2026 brought 2,400+ institutional clients direct access to Bitcoin L2 functionality. The sBTC bridge has processed $500M+ in deposits, making it the largest Bitcoin L2 by TVL. Token inflation remains at 8% annually through stacking rewards. Grayscale's STX trust provides institutional exposure, though Bitcoin L2 competition from Lightning and other solutions intensifies.