Stacks Ecological TVL Breaks $600 Million, Establishing Operating Entity and Launching 500 Million STX Donation Fund According to Golden Finance, the Bitcoin Layer2 network Stacks announced that its total locked value (TVL) will exceed $600 million in August 2025, mainly due to sBTC bridging the growth of Bitcoin assets. Simultaneously establish an independent operating entity, StacksLabs, with Hiro Systems CEO Alex Miller serving as interim leader, responsible for protocol development and ecosystem expansion. The Stacks Endowment Fund has officially launched and will allocate 500 million STX tokens over the next five years for developer funding, DeFi incentives, and market expansion. Previously, the SIP-031 governance proposal was passed with 97.5% support, setting a record of 303 million STX votes. The foundation has set up a dedicated page to track the progress of Stacks Labs and the donation fund, but has not disclosed a specific timeline for fund allocation.