# STX price rises on Bitcoin recovery and network upgrade

According to Cointelegraph, the Stacks (STX) token has risen by about 30% in the past seven days, mainly due to the recovery of Bitcoin prices and the upcoming Nakamoto Release network upgrade. STX is the native token of the second-layer smart contract platform focused on Bitcoin.

The Stacks Foundation announced that the Nakamoto upgrade will be activated on October 9, and is expected to introduce a new Bitcoin-pegged token sBTC and accelerate transactions. This upgrade will enhance decentralized financial (DeFi) applications on Bitcoin.

In addition, STX's trading volume doubled to $148.2 million in the same time period. The Stacks community will host more than 20 developer workshops around the world to further promote community participation and technological innovation.

With the rise in Bitcoin prices and the gradual attention of second-layer Bitcoin development, Stacks may further consolidate its dominance in the second-layer Bitcoin field.