"Using Bitcoin as a means of consumption"... Messari focuses on Starlink's real-life economic system in the growth of BTCFiThe Messari Research Institute, a global cryptocurrency research organization, pointed out in a recent report that the role of Starknet in the Bitcoin-centric decentralized finance ecosystem, known as "BTCFi," is rapidly expanding. In particular, Starknet is accelerating the development of a comprehensive self-custodied economic system that goes beyond simple staking or bridging platforms, covering lending, borrowing, yield strategies, and even real-world expenses.
The total value locked in Starknet has increased from $155 million to nearly $310 million over the past six months, nearly doubling. This is the result of increased bridging of Bitcoin, stablecoins, and native token STRK staking. Especially, lending protocols like Vesu are supplementing staking platforms, attracting users who want to leverage their held BTC as collateral to generate yields. The Messari Institute stated that these platforms offer incentives of up to 100 million STRK.
TechubNews·59m ago