Starknet, an Ethereum Layer-2 solution, has seen its token price skyrocket by 500% over the past five weeks, fueled by significant growth in decentralized finance (DeFi) and the introduction of the BTCFi initiative. This program enables Bitcoin holders to stake their assets on Starknet in return for STRK tokens, with a total reward pool of 100 million tokens available. The surge in Starknet's value is also attributed to the deployment of the S-two prover system by StarkWare, which enhances scalability and reduces verification costs. The Total Value Locked (TVL) in Starknet protocols has more than tripled, reaching $247.29 million by mid-November, with the decentralized exchange Extended contributing over 40% of the TVL. Additionally, Starknet experienced a net inflow of over $0.5 million through blockchain bridges in the last three months, despite previous price volatility.