The cryptocurrency market staged a remarkable recovery last week, with several coins posting double-digit gains. Stacks (CRYPTO: STX), a Bitcoin (CRYPTO: BTC) Layer-2 token, outperformed them all.

STX Doubles in Value

STX exploded over 100% to become the market’s most successful cryptocurrency in the last seven days. The gains widened after a 6.45% uptick on Monday.

STX’s trading volume spiked 6.36% over the last 24 hours to $437.74 million, signaling strong buying interest.

Cryptocurrency	7-Day Gains +/-	Price (Recorded at 10:30 p.m. ET)
Stacks	+102.22%	$0.2418
Ethena	+91.72%	$0.1579
Official Trump	+81.80%	$2.51
Pudgy Penguins	+69.31%	$0.01012
Pepe	+63.47%	$0.000004186

The STX rally followed Bitcoin’s strong weekly gains, which lifted the cryptocurrency to $80,000 for the first time in more than three months.

STX is the native coin of Stacks, a layer-2 solution that helps the development of decentralized applications on the Bitcoin blockchain. Put simply, it helps unlock Bitcoin’s DeFi use cases.

These Coins Also Returned A Handful

Official Trump (CRYPTO: TRUMP) ranked among last week’s biggest winners, with the President Donald Trump-themed memecoin surging 80% to become the market’s third-largest gainer.

PENGU, the native token of popular NFT brand Pudgy Penguins, jumped nearly 70% over the week, while frog-themed memecoin Pepe (CRYPTO: PEPE) lobbed 63%.

The overall cryptocurrency market expanded 24% in a week from $2.18 trillion to $2.72 trillion.

Photo: Sebastian Duda on Shutterstock.com

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