- This month it surpassed tokens that were dyed by over 571 million.
- Over 14% of STRK’s circular supply is trapped in staking, which shows investor trust.
- As the ecosystem matures, the STRK eyes rebound significantly.
meanwhile Cryptocurrency market continues to suffer performance In September, Starknet saw a fierce staking activity.
The latest post from the project shows Total Starked Strk has increased by 23% this month to over 571 million coins worth around $70.9 million at market prices.
This month, Strk Strk Staked rose +23% +23%. I think it’s higher.
This amount represents about 14% of the circulating supply of Altcoin.
This has been an important milestone since Starknet began staking late last year.
Additionally, the breakthrough takes place a few days after the Ethereum-based L2 Bitcoin staking has been launched On that main net.
The increase in staking shows the community’s commitment to removing STRK coins from circulation.
Strong momentum amid the volatility of the market.
Rising staking within the StarkNet ecosystem coincides with broader market headwinds.
The digital asset sector has seen wild prices swing this month, with bears restricting their upward behavior.
Nevertheless, StarkNet displays resilience as more individuals commit their assets to the platform.
A 23% increase in staking indicates that users are taking a long-term approach, potentially prioritizing network incentives and governance perks over short-term price actions.
Such a trend could enrich the dynamics of the Strk market and stabilize the token through lower sales pressures.
STRK Price Outlook
Starknet’s native tokens reflect the movement of the broad market.
About 12% on the monthly chart trades at $0.1204.
Strk’s bearish outlook is consistent with the weakness of the broader market.
Digital assets started a week with a bearish When the hype of cuts fades away after the rate.
Currently, the project is being relocated for another leg, especially prior to the “up-to-bar.”
Staking is not (directly) correlated with price growth, but it could enhance STRK’s talknomics.
Locking a substantial amount of supply means there are fewer coins available to trade.
This could lead to a resurgence of demand and a narrowing of supply amid stable price action.
Backend Developer Greek Stories I commented About Starknet’s surge in staking:
What we’re seeing now is that early followers lock their positions and set the stage for what could become one of the most powerful rarity-driven cycles in cryptography. The market is often slow to keep up, but the numbers don’t lie.
STRK is ready for substantial recovery amid a wider gathering.
Impressive staking returns may attract more participants to the StarkNet ecosystem.
What’s next for StarkNet?
L2 experiences significant momentum in ecosystem maturation.
recently, Starknet has launched a Grinta upgrade In the pursuit of decentralization.
As user activity increases, StarkNet may consider introducing more incentives to attract more users.
Communities can expect upgrades like an expanded yield mechanism.
Developers may also accelerate to make L2 cheaper and faster in daily transactions.
Such technical upgrades could increase STRK demand as more applications launches and user engagement grow within the Starknet ecosystem.
