Starknet
About Starknet
Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies. By depositing their tokens into a Strike market, users receive sTokens that represent their stake in the pool. These sTokens can be redeemed for the underlying cryptocurrency at any time. Borrowers can also take a secured loan from any Strike pool by depositing collateral, understanding that there might be automatic liquidation if their collateral falls below a certain level.
In the last hour, Starknet's price has seen a change of -2.72%, and over the past 24 hours, its price has moved by -1.42%. Over the previous week, Starknet's price has moved by -5.69%. The current price of Starknet is ₺1.9577, accompanied by a trading volume of 2.421B in the last day. Starknet's price is currently 98.91% below its all-time high of ₺179.22, which remains the highest price Starknet has achieved since its launch. The circulating supply of Starknet stands at 7.351B, translating to a total market capitalization of 14.39B.
Market stats
Frequently asked questions
What is Starknet?
Starknet and its ticker symbol (STRK) is a decentralized blockchain network built on the Ethereum blockchain and classified as a Layer 2 project. Starknet uses zero-knowledge Stark proofs (ZK-Proofs) to increase transaction capacity while relying on the Ethereum network for security. Starknet functions as a general-purpose aggregation platform, enabling developers to deploy smart contracts and run decentralized applications (DApps) at lower fees than those on the main Ethereum network. Transactions are processed off-chain, then aggregated and verified on Ethereum using cryptographic proofs, which helps reduce network congestion. Starknet also uses its own programming language, known as Cairo, designed to support applications built on STARK technology.
How does the Starknet network work?
Starknet (STRK) operates as a layer-2 solution on the Ethereum blockchain, relying on zero-knowledge Stark proofs (ZK-Proof) to verify the validity of transactions executed off-chain without the need to trust a central authority. Transactions are first sent to sequencers (Sequencers) who process them, group them into blocks, and execute them. Next, Provers process these blocks and generate an Execution Tree and a State Diff to illustrate how the transactions were executed and how the network state changed, they then generate a STARK proof to validate these operations. The proof and state change data are sent to the Ethereum blockchain as a single aggregated transaction. The Verifier Smart Contract on the Ethereum network verifies the proof, and then the Starknet Core Contract updates the network state. In this way, Starknet can batch and validate thousands of transactions at a lower cost. The STRK token is used for governance and participation, as well as for earning rewards and securing the network through staking.
Is STRK available on Rain?
We are constantly working to expand our list of available assets. Although we cannot provide a specific date for the listing of Starknet (STRK) at this time, you can follow the latest updates through our official social media channels, such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations
Before buying STRK, it is important to understand the associated risks:
• Price volatility risk: the token may be subject to sharp price fluctuations.
• Technical risk: smart contracts may be vulnerable to cyberattacks or software errors.
• Competitive risk: the network operates in a market crowded with competitors such as Arbitrum and Layer 2 projects, which may affect its market share growth.
• Liquidity risk: liquidity may affect the currency’s price movement. • Legislative and regulatory risk: legislation and regulations may affect the currency’s future and growth.
• Security risk: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after thoroughly researching your options.
You should not purchase STRK based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your own risk tolerance before making any decision.
What is the total supply of STRK?
The maximum supply is 10 billion STRK tokens.
What is the STRK token?
It is the utility token of the Starknet network, used for transaction fees, network governance, and future staking.
What is a Starknet wallet?
A Starknet wallet is where you can securely store Starknet. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Starknet address?
A Starknet address is a string of unique characters that is tied to your Starknet wallet. The address functions just like a bank account number and it is what you use in order to send Starknet from your wallet, or to receive Starknet to your wallet.
What are the most popular cryptocurrencies besides Starknet?
Besides Starknet, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Starknet be in next 5 years?
Price predictions for Starknet over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Starknet taxable?
Trading Starknet may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Starknet's ATH?
Starknet’s all-time high (ATH) was ₺ 179.22 on 20 Feb 2024. This represents the highest recorded market price of the asset to date.
When will Starknet be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Starknet just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Starknet?
With a market capitalization of 14.39B, Starknet is ranked 108 among other crypto assets.
What is the all-time high of Starknet?
The highest valuation of Starknet since its launch was at ₺179.22, marking its all-time high.
What is the 24-hour trading volume of Starknet?
The trading activity of Starknet over the last 24 hours was at 2.421B, highlighting its liquidity in the market.
How many Starknet are there in circulation?
There are approximately 7.351B units of Starknet currently in circulation, affecting its market dynamics.
What is the relative popularity of Starknet?
Starknet market cap is around 14.39B.
Website
White paper
Source Code