Starknet Achieves $365M Consensus Value Following Anchorage’s Bitcoin Staking Launch

Starknet has achieved a consensus value of over $365.4 million as of November 19, with $65 million in staked assets added within six hours. The network has 915.31 million staked STRK tokens and 1,480 BTC.

  • The milestone aligns with market stabilization, even as short-term holders moved over 65,000 BTC to exchanges.
  • Anchorage Digital now supports Bitcoin staking on Starknet, allowing institutional clients to earn rewards securely.
  • CEO Eli Ben-Sasson announced the "Ztarknet" initiative, merging Bitcoin's value storage with Ethereum's programmability, adding privacy features.
  • The protocol limits Bitcoin's voting power to 25% to balance governance.
  • Staking rewards are generated through a permanent inflationary mechanism, with a 5.63% APR for Bitcoin stakers from new STRK emissions.
  • Validators must hold 20,000 STRK, while delegators have no minimum. Both face a 7-day unbonding period.
  • Plans for Q4 2025 include LayerZero support and native USDC, aiming to enhance liquidity.