Starknet → Reshaping the Layer2 competitive landscape with BTCfi
In the previous article, I talked about how @Starknet brings BTC into the consensus layer, and this time I want to discuss why it is doing this.
The competition in L2 is fierce right now. Projects like #Arb, #Base, and #Blast attract funds through subsidies and airdrops, while Starknet has chosen a different direction, focusing more on security and a long-term stable economic structure.
Currently, Starknet's TVL is around 215 million USD. A lot of the new funds come from long-term holders of #BTC, such as users participating in staking through @endurfi or @myBraavos. They are not seeking high returns but hope that BTC can steadily participate in network consensus. This structure leads to smaller capital fluctuations and makes Starknet's ecosystem more sustainable.
In my view, this is Starknet's strategic difference; it is not about grabbing short-term traffic but rather slowly accumulating trust and security ~
@KaitoAI
Starknet brings BTC into the consensus layer: the first step in technological integration.
From a technical perspective, @Starknet's BTC staking is not a marketing move, but rather BTC's first participation as a consensus participant in the #ETH L2 network, no longer existing merely through bridges or wrapped assets.
Currently, BTC (WBTC, LBTC, tBTC, SolvBTC) accounts for 25% of the consensus weight in Starknet and receives a fixed 25% reward share, working alongside STRK to maintain network security.
The significance of this multi-asset consensus is👇
It allows for a more decentralized source of security, rather than relying on a single token's inflation.
I believe the value of this step does not lie in short-term gains. Starknet is not trying to attract BTC funds, but rather to make the security of #BTC truly a part of Layer 2.
@KaitoAI
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