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Starknet
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0.058
+0.002+3.57%
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Today
+3.57%
5 Days
+45.00%
1 Month
+114.81%
6 Months
+75.76%
Year to Date
-25.64%
1 Year
-62.09%
Key Data Points
Opening Price
0.057Previous Closing Price
0.056Recent
Analysis
Starknet Technical Analysis
Technical Indicators
Strong buy
Summary
Strong buy
Moving Average
Strong buy
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About Starknet
StarkNet is a decentralized Validity-Rollup, also known as a ZK-Rollup, that operates as a Layer 2 (L2) network on top of the Ethereum blockchain. It enables dApps (decentralized applications) to achieve unlimited scalability for their computations without compromising Ethereum's composability and security. This is made possible through StarkNet's reliance on the STARK (Scalable Transparent Argument of Knowledge) cryptographic proof system, which is considered one of the safest and most scalable cryptographic proof systems available.
The StarkNet contracts and the StarkNet operating system are written in the Cairo programming language, allowing for the deployment and scaling of a wide range of use cases, regardless of the underlying business logic. By leveraging the power of ZK-Rollups, StarkNet is able to offload computationally intensive tasks from the Ethereum mainnet, while still inheriting Ethereum's security guarantees and maintaining full composability with the Ethereum ecosystem.
What is the Starknet token (STRK) used for?
The STRK token is the native cryptocurrency of the Starknet network. It is used for various purposes, including:
Paying for gas fees to execute transactions and smart contracts on the Starknet network
Staking STRK tokens to participate in the network's governance and validation processes
Rewarding validators and other participants who contribute to the security and operation of the Starknet network
What are the key features and use cases of the Starknet network?
Starknet is designed to be a highly scalable and secure Layer 2 solution for the Ethereum ecosystem. Some of its key features and use cases include:
Unlimited scalability for dApps through the use of zk-rollups
Preserving the composability and security of the Ethereum mainnet
Supporting a wide range of use cases, from DeFi to gaming and beyond, through the use of the Cairo programming language
Providing a platform for developers to build and deploy decentralized applications with enhanced performance and lower transaction costs.
What is the current market cap and circulating supply of Starknet?
The circulating supply is 1,619,969,137 STRK tokens, which consists of 16.2% of the total supply of 10,000,000,000 STRK. The maximum supply is also 10 billion STRK.