In the ever-evolving landscape of cryptocurrency, it seems like the honeymoon has officially ended for Bitcoin layer-2 projects—and I’m not alone when I say the party was fun while it lasted! Muneeb Ali, co-founder of Stacks, recently shared his candid thoughts during an interview at Consensus 2025, expressing confidence that while many L2 projects will fade like last season’s fashion, mission-driven initiatives like Stacks and Babylon are poised to not just survive, but thrive. With the recent Nakamoto upgrade bolstering user experience and tailoring the platform to tap into 100% of Bitcoin’s hash power, Ali anticipates a burgeoning shift towards Bitcoin’s dominance spurred by external capital inflows, such as spot Bitcoin ETFs. As we dive deeper into the insights from Ali’s interview, it becomes crucial to reflect: are we truly witnessing the rise of robust projects, or is it just another cycle of the crypto rollercoaster? For those eager to delve into the details, you can LEARN MORE.
Key Notes
- Stacks co-founder Muneeb Ali expressed confidence in mission-driven projects like Stacks and Babylon to thrive.
- Stacks recently completed its Nakamoto upgrade, improving user experience and securing the platform with 100% of Bitcoin’s hash power.
- Ali anticipates a shift toward Bitcoin dominance as external capital inflows, such as spot Bitcoin ETFs, bolster its appeal.
Muneeb Ali, co-founder of Stacks, predicts that over two-thirds of existing Bitcoin layer-2 (L2) projects will vanish within the next three years as the initial excitement surrounding them diminishes.
