# Stacks

> Track Stacks' fees, revenue, active users and earnings with daily on-chain data. Compare Stacks with other blockchains (L2). Updated daily.

Source: [Stacks on Token Terminal](https://tokenterminal.com/explorer/projects/stacks). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: STX
- Sectors: Blockchains (L2)
- Chains: stacks

## About

### What it is

Stacks is an smart contract platform for creating decentralized applications on Bitcoin (a blockchain). Stacks was founded by Muneeb Ali and Ryan Shea, and launched in 2021.

### Who uses it

STX tokenholders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue). Stacks' investors include IOSG Ventures, The Spartan Group, Hashkey Exchange, etc.

### How it works

Stacks miners batch users' transactions and receive fees from users (supply-side fees). Miners submit transactions to Bitcoin, paying a share of the transaction fees to Bitcoin miners.

## Metrics

Token Terminal tracks these metrics for Stacks daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/stacks/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/stacks/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/stacks/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/stacks/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/stacks/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/stacks/metrics/token-turnover-circulating)
- [Circulating supply](https://tokenterminal.com/explorer/projects/stacks/metrics/token-supply-circulating)
- [Staking market cap](https://tokenterminal.com/explorer/projects/stacks/metrics/staking-market-cap)
- [Fees](https://tokenterminal.com/explorer/projects/stacks/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/stacks/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/stacks/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/stacks/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/stacks/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/stacks/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/stacks/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/stacks/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/stacks/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/stacks/metrics/ps-circulating)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/stacks/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/stacks/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/stacks/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/stacks/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/stacks/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/stacks/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/stacks/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/stacks/metrics/code-commits)
- [Contract deployers](https://tokenterminal.com/explorer/projects/stacks/metrics/contract-deployers)
- [Contracts deployed](https://tokenterminal.com/explorer/projects/stacks/metrics/contracts-deployed)
- [Transaction count](https://tokenterminal.com/explorer/projects/stacks/metrics/transaction-count)
- [Transactions per second](https://tokenterminal.com/explorer/projects/stacks/metrics/transactions-per-second)
- [Average transaction fee](https://tokenterminal.com/explorer/projects/stacks/metrics/transaction-fee-average)
- [Median transaction fee](https://tokenterminal.com/explorer/projects/stacks/metrics/transaction-fee-median)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/stacks/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/stacks/metrics/arpu)
- [Block time](https://tokenterminal.com/explorer/projects/stacks/metrics/block-time)
- [Ecosystem active addresses (monthly)](https://tokenterminal.com/explorer/projects/stacks/metrics/ecosystem-active-addresses-monthly)
- [Ecosystem transaction count (contracts)](https://tokenterminal.com/explorer/projects/stacks/metrics/ecosystem-transaction-count-contracts)
- [Ecosystem gas used](https://tokenterminal.com/explorer/projects/stacks/metrics/ecosystem-gas-used)
- [Take rate](https://tokenterminal.com/explorer/projects/stacks/metrics/take-rate)

## Links

- [github](https://github.com/stacks-network)
- [twitter](https://twitter.com/Stacks)
- [discord](https://discord.com/invite/5DJaBrf)
- [website](https://www.stacks.co/)