Starknet Ltd announced its exploration into Bitcoin Layer 2 solutions on March 23, 2025, focusing on ordinals and runes to enhance blockchain functionality.

This exploration could drive structural shifts in cryptocurrency networks, potentially impacting Starknet’s market position as it integrates Bitcoin ordinals and runes.

Starknet’s Strategic Pivot into Bitcoin Layer 2

Starknet Ltd focuses on integrating Bitcoin Layer 2 technologies by exploring the use of ordinals and runes, aiming to enhance blockchain efficiency and scalability. This move represents a strategic pivot in Starknet’s operations.

The involvement of Starknet Ltd in Layer 2 applications marks a new phase in blockchain utility advancement. This initiative aims to leverage Bitcoin’s capabilities in a scalable, secure manner.

“Runes (like Ordinals and inscriptions) have brought excitement back to the idea of building on Bitcoin. But if you are going to build a new economy, storing and transferring value are not enough. You need Turing-complete smart contracts, developer tools and much more,”

remarked Daniel Fogg, CEO of Rootstock Labs.

Starknet Registers $467.8 Million Market Cap

Starknet (STRK) registers a market cap of $467.8 million with a circulated supply of 2.74 billion tokens. With a 24-hour trading volume hitting $25 million, the token’s current price is $0.17. Data from CoinMarketCap highlights a 1.35% daily rise. Historically, STRK has seen a negative trend within 60 days, experiencing a 56.16% reduction. The fully diluted market cap of $1.70 billion suggests considerable potential for volatility.

The merging of Bitcoin ordinals and runes into Starknet’s structure is anticipated to influence its market dynamics significantly. Analysts forecast technological improvements could bolster Starknet’s network adoption, affecting token valuation in the long term. This strategic direction could attract more partnerships within the blockchain ecosystem.

Bitcoin Layer 2 Ventures Boost Scalability

Similar ventures into Bitcoin Layer 2 technology have previously led to increased scalability and transaction efficiency. Starknet’s strategy echoes these past efforts, aiming to achieve beneficial transformation in cryptocurrency frameworks.

Kanalcoin analysts suggest Starknet’s innovative approach might lead to significant value appreciation if successfully implemented, following historical patterns. This marks a potential shift in industry standards, promoting advanced blockchain solutions.

The post Starknet: Impact on Bitcoin’s Layer 2 Future appeared first on Kanalcoin.

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Filed under: News - @ March 23, 2025 9:18 am