Stacks' STX Is Week's Best Performer as Bitgo Link Seen Boosting Institutional Use

STX, the native token of Bitcoin layer-2 protocol Stacks, has surged 56% in seven days to become the week's best-performing of the 100 biggest cryptocurrencies amid hopes for institutional adoption.The token hit a two-month high of 92 cents on Friday after gaining more than 21% in the past 24 hours to become the day's biggest advancer, according to CoinDesk data. Stacks is the world's leading layer 2 for running smart contracts and decentralized applications on the Bitcoin blockchain. On Tuesday, BitGo, the digital asset custody and infrastructure provider and a backer of the wrapped bitcoin (WBTC) token, opened the door for its customers explore yield-generating opportunities on Stacks by integrating sBTC, a synthetic derivative that represents bitcoin (BTC) in a 1:1 ratio on the Stacks blockchain source: https://www.coindesk.com/markets/2025/04/25/stacks-stx-is-week-s-best-performer-as-bitgo-link-seen-boosting-institutional-use