Why is Starknet up today (September 30)?

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Yaroslav Dmytrenko

30.09.2025

Why is Starknet up today (September 30)? — STRK rises on Bitcoin staking and $100M DeFi incentives

On the last day of September, Starknet’s (STRK) Ethereum Layer 2 token surged over 11%, outperforming the broader cryptocurrency market, which dropped 1.3%. The growth of STRK is linked to the launch of Bitcoin staking and a 100 million STRK incentive program for BTC-based DeFi.

The rollout of Starknet Bitcoin staking and the large-scale incentive program for BTCFi marks a new stage in utilizing digital gold, attracting Bitcoin into the Starknet ecosystem and driving demand for STRK as a governance and staking token.

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The initiative combines staking, institutional yield strategies, integration with key DeFi partners, and a 100 million STRK fund to support liquidity and credit markets.

According to Starknet, Bitcoin holders can now participate in staking without losing custodial control of their assets, earning rewards while simultaneously strengthening network decentralization. This marks the first native yield source for Bitcoin on any rollup solution.

Staking relies on tokenized versions of the asset — such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC — which can be delegated to Starknet together with STRK.

“In the past year, I said Starknet would unlock Bitcoin’s potential. Today, we’re delivering on that promise,” said StarkWare CEO and co-founder Eli Ben-Sasson, adding, “The true beauty is that Bitcoin, the coin of the first blockchain, is now helping secure another decentralized network.”

The process is secured by zk-STARK cryptography, renowned for its post-quantum protection.

“Bitcoin is the best form of collateral. From Michael Saylor to Wall Street — everyone has realized it. But I want you to be able to borrow against BTC and then invest the proceeds,” emphasized Ben-Sasson.

Upcoming integrations

In October, investment firm Re7 Capital — managing over $1 billion — will launch the Bitcoin Institutional Yield Fund, aimed at institutional clients but also accessible to retail users through a tokenized version via MidasRWA.

According to Re7 founder and CIO Evgeny Gaevoy, the fund’s strategy focuses on “sustainable and secure Bitcoin growth through derivatives, DeFi strategies, and staking on Starknet.”

To improve accessibility, Starknet has expanded integration with XverseApp, cross-chain protocol Hyperlane, and Bitcoin bridges Atomiq Labs and Garden Finance. More integrations are expected soon, including LayerZero, BitGo, and Stargate Finance.

24-hour price dynamics of the STRK. Source: CoinMarketCap

From a technical perspective, STRK broke above the 30-day simple moving average ($0.127) and is testing the 23.6% Fibonacci retracement level ($0.137). A sustained close above this level could target $0.153 (127.2% Fibonacci extension). However, low volume or rejection at this level may lead to a retest of support around $0.128.

As we wrote, Starknet resumes operations after four-hour outage

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