On the first anniversary of the Stacks Blockchain (STX), the network received over 350 million monthly API requests, 40,000 Hiro wallet downloads, and 2,500 Clarity smart contracts. As per Electric Capital, these statistics make Stacks the most significant project on Bitcoin. In addition, more than 11,000 users earned more than 100 BTC rewards per month on Stacks due to its unique proof-of-transfer, or PoX, consensus mechanism.