# January 2024

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<summary><strong>📙 Bitcoin Layers Report by Spartan Group</strong></summary>

<img src="https://3192840851-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkmQRCSAss8rGMUFc587c%2Fuploads%2Fyov919stW71EYjFbopCk%2FCopy%20of%20Bitcoin%20Layers-modified.png?alt=media&#x26;token=e470a206-f945-47fe-b98f-ccc068b02d14" alt="" data-size="original">

#### **Tapestry of a Trustless Financial Era**

Diving deep into the layers of Bitcoin's blossoming ecosystem, the first edition of the Bitcoin Layers Report unveils the emerging reality of a financial world where trust is embedded in technology rather than institutions. As Bitcoin evolves beyond a Store of Value, we stand on the cusp of a revolution in trustless finance and a new era of economic possibilities.  [<mark style="background-color:orange;">https://bitcoinlayersreport.com/</mark>](https://bitcoinlayersreport.com/)

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<table><thead><tr><th width="507">Title</th><th>Outlet/Author</th></tr></thead><tbody><tr><td>🌱 <a href="https://panteracapital.com/blockchain-letter/the-year-ahead-2024/">The Year Ahead | Pantera Blockchain Letter</a></td><td>Pantera</td></tr><tr><td>🟧 <a href="https://newsletters.stacks.org/p/q4-2023">Q4 2023: No Denying Demand For Bitcoin L2s</a></td><td>Stacks Foundation</td></tr><tr><td>📙 <a href="https://public.bnbstatic.com/static/files/research/top-10-narratives.pdf">Binance Research: Top 10 Narratives to Follow in 2024</a></td><td>Binance Research</td></tr><tr><td>📕 <a href="https://www.bankless.com/the-bankless-guide-to-stacks">The Bankless Guide to Stacks</a></td><td>Bankless</td></tr><tr><td>📊 Electric Capital Report: <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.t0UBYmIXoMyGWCemN_n36kslOn35rIcv2v7LQR3nMLs">Stacks established developers up 51%</a></td><td>Electric Capital</td></tr><tr><td>📰 <a href="https://www.coindesk.com/tech/2024/01/18/bitcoin-could-see-growth-in-layer-2-ecosystem-drawing-on-ethereums-experience/">Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience</a></td><td>Coindesk, Yahoo Finance</td></tr><tr><td>🔮 <a href="https://www.coindesk.com/consensus-magazine/2023/12/20/6-predictions-for-crypto-in-2024-panteras-paul-veradittakit">Paul Veradittakit of Pantera Capital Lists Stacks In 6 Predictions Crypto 2024</a></td><td>Coindesk</td></tr><tr><td>🏛️ <a href="https://x.com/fti_us/status/1747708193378025475?s=46">Franklin Templeton: Ordinals &#x26; Layer 2 solutions on Bitcoin shouldn’t be ignored</a></td><td>Franklin Templeton</td></tr><tr><td>🔉 <a href="https://twitter.com/TheSpartanGroup/status/1747546980321304629">Podcast: Muneeb Ali joins us in The Blueprint</a></td><td>The Blueprint</td></tr><tr><td>🎨 <a href="https://x.com/jackbutcher/status/1745557822203470022?t=ps-Sn2Ohh0TWBR4ptywL-Q&#x26;s=33">Jack Butcher: Onboarding to Bitcoin</a></td><td>Jack Butcher</td></tr><tr><td>👀 <a href="https://4pillars.io/en/articles/2024-Bitcoin-Outlook-Ecosystem-Beyond-ETFs/public">2024 Bitcoin Outlook: Ecosystem Beyond ETFs</a></td><td>Four Pillars</td></tr><tr><td>Ⓜ️ <a href="https://x.com/cosmo_jiang/status/1752870233231212747?s=20">This Bitcoin ecosystem is having its moment</a></td><td>Cosmo Jiang, Pantera Capital</td></tr><tr><td>🧪 <a href="https://www.gate.io/learn/articles/stacks-nakamoto-is-about-to-be-upgraded-to-inject-new-impetus-into-the-bitcoin-ecosystem/1211">MT Capital Research Report: Stacks Nakamoto is about to be upgraded to inject new impetus into the Bitcoin ecosystem</a></td><td>MT Capital via Gate.io</td></tr><tr><td>📊 <a href="https://twitter.com/HouseofChimera/status/1745452755681218792">House of Chimera Analyzes Rapid Growth in Stacks Transactions</a></td><td>House of Chimera</td></tr><tr><td>👛 <a href="https://crypto.news/ryder-to-operate-fast-pool-become-signer-in-stacks-nakamoto-upgrade/">Ryder to operate FAST Pool, become signer in Stacks’ Nakamoto upgrade</a></td><td>Crypto.news</td></tr><tr><td>🔶 <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.ZpuDlatRCYz537iRKwlGojFXDCZWCxl1NAGfCYZ_S7Y">Bitcoin 2024 Outlook</a> (featuring Stacks and ALEX)</td><td>OKX</td></tr><tr><td>💰 Bitcoin DEX Bitflow raises <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.gAwmYWnQwFlQhmA3A__Mu0CGlhS7riNoZbzOefU-c2U">$1.3M in pre-seed funding</a></td><td>Bitflow</td></tr><tr><td>😈 DeFi Researcher Ignas: <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.wYm07ZsU_dzCGsvPc2IuHoYLwRXFXQtRnQkJcIAr1KM">“Degen Playbook for Stacks”</a></td><td><a href="https://twitter.com/DefiIgnas">Ignas</a> via <a href="https://tldr.tech/crypto/2024-01-10">TLDR</a></td></tr><tr><td>📺 <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.hHQdRz61DrxCRXTRuv7vGEyvuh2gTFl2Mc4u2EG6ks4">Why DeFi on Stacks is the Next Bitcoin Bull</a></td><td>Block Runner</td></tr><tr><td>📊 <a href="https://flight.beehiiv.net/v2/clicks/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJ1cmwiOiJodHRwczovL2RlZmlsbGFtYS5jb20vY2hhaW4vU3RhY2tzP3V0bV9zb3VyY2U9c3RhY2tzc25hY2tzLmNvbSZ1dG1fbWVkaXVtPXJlZmVycmFsJnV0bV9jYW1wYWlnbj1zdGFja3MtYXBwcy1jZWxlYnJhdGUtYWxsLXRpbWUtdHZsLWhpZ2gtYXMtbmV3LWRlZmktcHJvdG9jb2xzLWVtZXJnZSIsInBvc3RfaWQiOiJmYTkyOTQ4YS0xNDU2LTRlOTktYjBmOS1hNWYyMTczY2I4YjQiLCJwdWJsaWNhdGlvbl9pZCI6IjNjZmFiZmNjLTE0NTktNDQ1MC04MjcwLWI4YmYzZGQyYWI5NyIsInZpc2l0X3Rva2VuIjoiZDE0NDA1YmItYzE5YS00MmJiLTk0ZDEtNjgyZGI3NmQ5ZDdlIiwiaWF0IjoxNzA4MDk3NjA3LCJpc3MiOiJvcmNoaWQifQ.f6dic2OuZV_EPpARzcBBfeH11hoE8SL9xXyXAgXprac">All time high Total Value Locked (TVL) for Bitcoin L2 Stacks</a></td><td>DefiLlama</td></tr><tr><td>📊 <a href="https://twitter.com/StxOrds/status/1745882592430215626">sOrdinals: 100k Inscriptions in less than 24 hours</a></td><td>sOrdinals</td></tr><tr><td>📊 <a href="https://twitter.com/stx20stacks/status/1747684225074053606">STX20 Protocol Surpasses 1M Transactions in 1 Month</a></td><td>STX20</td></tr><tr><td>📊 <a href="https://twitter.com/StackingDao/status/1751684775797002269">StackingDAO celebrates $20M in TVL one month in</a></td><td>StackingDAO</td></tr><tr><td>📙 <a href="https://bitcoinlayersreport.com/">Bitcoin Layers Report: Tapestry of a Trustless Financial Era</a></td><td>Spartan Group</td></tr></tbody></table>
