Hello!

It’s been an exciting week in the Bitcoin Economy!

On Monday, the price of Bitcoin hit an all-time high of $69,210 before quickly dropping 8% later that day to $61,973 — then Friday touched another all-time high of $69,255 before closing out the week at $68,751 at the time of writing. At the same time, Bitcoin ETF inflows showed no sign of slowing down, as the ten Bitcoin ETFs collectively crossed $10 billion in volume on March 5th alone.

The Stacks ecosystem reached a number of milestones, including crossing 1M unique wallets. While core Stacks projects StackingDAO crossed 25M in stSTX extant supply, and Arkadiko’s USDA crossed an extant supply of 5M.

Charts of the Week

Stacks

Snapshot of key Stacks ecosystem tokens:

The Bitcoin scaling narrative is in full swing as we watch Stacks hit a huge milestone, surpassing 1,000,000 Unique Wallets (visit the Stacks dashboard).

StackingDAO

Newly minted stSTX tokens were relatively flat (0.07%) week-over-week. StackingDAO extant supply of stSTX reached 25,000,000, worth approximately $72.6 million at time of writing (visit the StackingDAO dashboard).

Arkadiko

The circulating supply of USDA grew nearly 4% week-over-week, reaching new two-year highs of 5,054,041 and breaking the 5M milestone (visit the Arkadiko dashboard).

Welsh

WELSH had a massive week, reaching an all-time high of $0.01459 before softening to end the week at $.01142. Welsh also surpassed 8,000 token holders by adding 1,054 holders over the last week alone — a week-over-week growth of 15%, which also accounts for 13% of all Welsh token holders (visit the Welsh dashboard).

Signal21 Product Update

It’s been a great week at Signal21! Our team is working hard to get Bitcoin L1 data live in the coming weeks, and we’re continuing to add new charts across the Stacks ecosystem dashboards.

As always, we enjoy receiving feedback from our community, so please don’t hesitate to be in touch with product ideas or suggestions.

Sincerely,

Jonathan Sadlowe

Co-founder & CEO at Signal21