STX, the native token of the Bitcoin Layer-2 project Stacks, has surged over 50% in the past four weeks and nearly 10% in the last 24 hours, outperforming major cryptocurrencies like Bitcoin and Ethereum. This performance may reflect investor interest in Stacks' non-custodial Bitcoin staking architecture, which allows BTC holders to stake directly on the Bitcoin mainnet and earn yield while retaining strict control over their private keys. Stacks' "bonding" mechanism requires participants to lock STX and BTC to secure the protocol's staking capacity. As more BTC enters the Stacks ecosystem, more STX will be locked, thereby impacting supply and demand dynamics.