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    Asad Shaikh in Bitcoin

    27 Feb 10:15 AM


    Bitcoin L2 tokens surge double digits as BTC notches 25-month high

    Bitcoin smart contract and scaling platform tokens such as Stacks and RIF have become beneficiaries of the recent Bitcoin surge.
    Bitcoin scaling tokens and BRC-20 coins surged on Monday,outperforming the wider crypto markets and even despite tapping its own 25-month high.

    Bitcoin layer-2 network tokens, such as Stacks (STX) and RSK Infrastructure Framework (RIF),made double-digit gains amid a wider crypto rally.Stacks,a Bitcoin-focused smart contract platform,skyrocketed 30% from an intraday low of$2.44 to top out at$3.21 in early trading on Feb. 27,doubling its price over the past 30 days,according to CoinGecko.The big move has pushed thetoken to within 9% of its December 2021 all-time high of $3.39.

    Stacks has seen some of the largest increases in social activity over the last year, according to Social Intelligence company Lunar Crush.

    Social interactions are up nearly 16,000%, with activity and social metrics rising sharply driven by excitement about Bitcoin layer-2s, it noted.

    • Vikshita Vitthal Gujaran