Bitcoin Layer 2 network Stacks implements SIP-034 upgrade to improve network processing capabilities

Odaily Odaily reports that Stacks, a Bitcoin Layer 2 network, has announced the implementation of its SIP-034 upgrade on the mainnet, which can increase network processing capacity for some DeFi applications by up to 30 times. The upgrade optimizes transaction processing limits by resetting only the single resource limit that has been exhausted, rather than all limits, thus making more efficient use of block capacity. Alex Huth, Product Lead at Stacks Labs, stated that this improvement will have the greatest impact on complex and read-intensive DeFi applications, such as centralized liquidity and Advanced Automated Market Maker (AMM) designs. While the upgrade does not directly change the STX token economy, it is expected to indirectly increase transactions and fees as network activity increases. (The Block)