STRK Skyrockets: Bitcoin Staking Turns Starknet into a Circus of Gains! 🎢💰

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What ho, old sport! The Layer-2 (L2) token STRK is having a bit of a spiffing time, what? Soaring over 20% in the past 24 hours, it’s the bee’s knees of today’s market. This jolly rally comes hot on the heels of a spot of network activity and liquidity on Starknet, all thanks to the launch of Bitcoin staking on its mainnet on September 30. Toodle pip, bears! 🐂🚀

With this uptick in on-chain shenanigans driving renewed demand for STRK, the old chap could be in for a bit more upside in the near term. Keep your spats crossed! 🤞

STRK Soars as Bitcoin Staking Sets Starknet Ablaze with Activity 🔥

Last week, Starknet, in cahoots with LayerZero (an omni-chain interoperability platform so advanced it makes Jeeves look like a novice), rolled out Bitcoin staking on its mainnet. The integration lets BTC join the network consensus, where STRK holds a 75% majority weight, leaving BTC to contribute a modest 25%. Not too shabby, eh? 🧐

Now, while you can’t stake BTC directly on the L2 (no direct dipping in the punch bowl, old bean), Starknet supports wrapped BTC variants like WBTC, LBTC, tBTC, and SolvBTC, each with its own reward pool. It’s like a buffet, but for crypto! 🥂

This clever move has sparked a surge in user engagement and liquidity across the network. For instance, the network’s decentralized finance (DeFi) total value locked (TVL) is sitting pretty at $221.04 million, up a whopping 37% since September 30. That’s what I call a bit of a show! 🎉

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The spike in TVL is a dead giveaway for increased on-chain activity, as users lock more assets to join the Starknet party. It’s like everyone’s bringing their best china! 🍾

Furthermore, stablecoin liquidity on the L2 has risen by 13% in the past week, confirming sustained liquidity inflows into the chain. According to DefiLlama, it’s at an all-time high of $118 million, up 11% since September 30. Steady as she goes! ⚓

Stablecoins, the trusty sidekicks of on-chain liquidity, have seen a jolly uptick on Starknet since Bitcoin staking went live. This suggests investors are moving funds onto the network, eyeing higher yields and greater utility. It’s like a treasure hunt, but with fewer pirates! 🏴‍☠️

STRK Traders Eye $0.25: Bulls on the Prowl! 🐃

This delightful combo of heightened liquidity and growing user participation has bolstered bullish sentiment around STRK. The token is trading above its Super Trend indicator on the daily chart, a clear sign of buy-side pressure among spot market participants. Tally-ho! 🎯

At press time, this indicator forms dynamic resistance below STRK at $0.1408. For the uninitiated, this indicator tracks the direction and strength of an asset’s price trend, changing color like a chameleon: green for an uptrend and red for a downtrend. 🦎

When an asset’s price trades above its Super Trend indicator, buying pressure is the name of the game. If this trend holds, it could propel STRK’s price above $0.1987 and towards $0.23. Fingers crossed, old bean! 🤞

However, a resurgence in profit-taking could throw a spanner in the works. In that case, the token’s price might tumble to $0.1012. But let’s not borrow trouble, eh? 🛠️

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2025-10-07 13:23