StarkNet is a non-EVM zk-rollup blockchain platform built on top of Ethereum, designed to enhance scalability while maintaining security. As a permissionless decentralized Validity-Rollup, it operates as a Layer 2 network, enabling decentralized applications (dApps) to achieve unlimited computational scale without sacrificing Ethereum’s composability or security. The platform relies on STARK proofs, one of the most secure and scalable cryptographic proof systems available.
The native token of the StarkNet ecosystem is STRK, which facilitates network operations, including transaction fees and governance. With a maximum supply of 10 billion tokens, the circulating supply currently stands at 3.59 billion STRK, representing 35.9% of the total supply.
Current STRK Market Performance
As of the latest data, StarkNet's price is approximately $0.113, reflecting a slight increase of 0.3% over the past 24 hours. The price has fluctuated between $0.109 and $0.115 during this period. The all-time high (ATH) for STRK was recorded at $5.30 on February 20, 2024, which means the current price is down by about 97.9% from its peak.
StarkNet's market capitalization is around $407.48 million, accounting for 0.01% of the total cryptocurrency market. The 24-hour trading volume is $20.03 million, indicating moderate market activity.
Key Statistics
- Max Supply: 10,000,000,000 STRK
- Total Supply: 10,000,000,000 STRK
- Circulating Supply: 3,590,000,000 STRK
- Market Cap Rank: Data varies based on market conditions
How StarkNet Works
StarkNet uses zero-knowledge rollup (ZK-rollup) technology to batch multiple transactions off-chain and generate a cryptographic proof, which is then posted to the Ethereum mainnet. This approach significantly reduces transaction costs and increases throughput while leveraging Ethereum’s security. The platform’s contracts and operating system are written in Cairo, a programming language specifically designed for creating scalable and efficient smart contracts.
Unlike some Layer 2 solutions, StarkNet is non-EVM compatible, meaning it doesn’t directly support Ethereum Virtual Machine-based contracts. However, its flexibility allows developers to implement diverse business logic and use cases.
Factors Influencing STRK Price
Several factors can impact the price of STRK, including:
- Adoption Rate: Increased usage of StarkNet for dApps and DeFi projects could drive demand for STRK.
- Market Sentiment: Broader cryptocurrency trends often affect individual token prices.
- Technological Developments: Upgrades to the StarkNet protocol or improvements in scalability may positively influence value.
- Regulatory News: Changes in regulations surrounding cryptocurrencies could impact investor confidence.
For those interested in tracking real-time price movements and market trends, 👉 explore live data tools that provide detailed analytics and conversion features.
STRK Price Prediction and Future Potential
Predicting cryptocurrency prices is inherently uncertain due to market volatility. However, StarkNet’s underlying technology and focus on scalability position it as a potential key player in the Layer 2 ecosystem. If the platform continues to attract developers and users, the value of STRK could see long-term growth.
Investors should consider both the technological merits and market conditions when evaluating STRK. Diversification and risk management are essential strategies in the volatile crypto market.
Frequently Asked Questions
What is StarkNet?
StarkNet is a validity-rollup Layer 2 solution built on Ethereum, using ZK-STARK technology to enhance scalability and security for decentralized applications.
How can I buy STRK tokens?
STRK tokens are available on major cryptocurrency exchanges. You can purchase them using fiat currencies or other cryptocurrencies, depending on the platform.
What is the total supply of STRK?
The maximum supply of STRK is capped at 10 billion tokens, with a circulating supply of approximately 3.59 billion as of now.
Why is StarkNet considered scalable?
By processing transactions off-chain and submitting cryptographic proofs to Ethereum, StarkNet reduces the load on the mainnet, allowing for higher throughput and lower fees.
Is StarkNet compatible with Ethereum smart contracts?
StarkNet uses its own Cairo language for contracts, so it is not EVM-compatible. However, it supports general computability for diverse applications.
Where can I learn more about StarkNet’s technology?
Official resources and community forums provide detailed documentation and updates about StarkNet’s development and features.