Starknet has successfully drawn $276 million in investor inflows, fueled by a Bitcoin liquidity reward initiative. The program incentivizes deposits by distributing the blockchain's native STRK token, resulting in over $76 million in new deposits since its inception. Starknet CEO Eli Ben-Sasson highlighted the platform's ambition to integrate Bitcoin into a dynamic DeFi ecosystem, moving beyond its traditional role as a static store of value.
Despite the influx of funds, concerns about the sustainability of this growth persist, particularly following a recent nine-hour outage that occurred after a significant system upgrade. The incident has raised questions about the platform's resilience and long-term viability.
Starknet Attracts $276M Through Bitcoin Incentive Program
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