STRK (Starknet) rose 5.43% in the last 24 hours.

Gate News Bot news, on September 30, according to CoinMarketCap data, STRK (Starknet) is currently priced at $0.13, with a rise of 5.43% in the last 24 hours, peaking at $0.13 and dropping to a low of $0.11. The current market capitalization is approximately $521 million, an increase of $2.68 million compared to yesterday.

Starknet is a Layer 2 scaling solution that utilizes STARK technology to ensure computational integrity. By validating transactions off-chain, Starknet overcomes the scalability limitations of Ethereum. As a validity rollup, Starknet provides unlimited scalability while maintaining Ethereum's security and decentralization. Starknet also offers an efficient and user-friendly experience through native account abstraction, where all accounts are smart accounts whose behavior is determined by developers rather than the protocol level. This provides unparalleled flexibility in account management, allowing developers to customize applications to enhance user experience and security.

Important recent news about STRK:

1️⃣ Starknet launches Bitcoin staking consensus mechanism Starknet recently announced the launch of a Bitcoin-based staking consensus mechanism, an innovative move that will allow users to participate in the consensus process of the Starknet network using Bitcoin. This mechanism aims to enhance network security while providing additional revenue streams for Bitcoin holders, which is expected to attract more users to the Starknet ecosystem.

2️⃣ STRK token price performs strongly The STRK token has recently shown outstanding performance, with prices continuing to rise. This trend may be driven by the expansion of Starknet's network capabilities and the growth of its user base. As more developers and projects choose to build applications on Starknet, the demand and value of the STRK token may further increase.

3️⃣ Layer 2 scaling solutions gain market recognition As a Layer 2 scaling solution for Ethereum, Starknet demonstrates significant advantages in addressing blockchain scalability issues. Its STARK technology and native account abstraction features are attracting increasing attention, which could be one of the important factors driving the rise in the value of the STRK token.

From a technical perspective, after STRK broke through the 0.13 dollar level, it may continue to maintain a rise in the short term. However, investors still need to closely monitor the overall cryptocurrency market trends and the further development of the Starknet ecosystem.

This message does not constitute investment advice; investors should be aware of market volatility risks.