ProtocolReportingMay31,2023Stacks(STX)StateofStacksQ12023QuarterlyCommunityReportRedSheehan•ResearchAnalyst(@redvelvetzip)MikeKremer•DataEngineer(@mikeykremer)KeyInsights●Averagedailytransactionsandaveragedailyactiveaddressesincreased34%and35%QoQ,respectively.ExcitementandactivityonBitcointriggeredincreasedBNSactivity.●OrdinalsandInscriptionsprovedthattheBitcoinecosystemhasaseriousdemandforNFTs,fungibletokens,andDeFi.Stacksisperfectlypositionedtomeetthatdemand,withitsaddedfunctionalityanddeepBitcoincompatibility.●STX’spriceincreased330%QoQfrom$0.22to$0.93,faroutpacingthetotalcryptomarketcap’sincreaseof46%.STXendedQ1atitshighestpriceinnearlyayear.●...