Starknet Price
(STRK)
USD($)
Starknet (STRK) Live Price Chart
Overview
About
Analysis
FAQ
Starknet Live Price Data
The live price of Starknet is $0.48041, with a total trading volume of $ 539,533 in the last 24 hours. The price of Starknet changed by -2.34% in the past day, and its USD value has decreased by -21.07% over the last week. With a circulating supply of 2.26B STRK, the market cap of Starknet is currently 1.09B USD, marking a --% increase today. Starknet currently ranks #-- in market cap.
How do you feel about Starknet today?
Note: This data is for reference only.
Starknet(STRK) Profile
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Contract
- Ethereum 0xCa1400...766
Audited By
- --
Code & Community
Investors
- --
$0.47039
$0.52743
- ATH
- $3.66
- Price Change (1h)
- +1.27%
- Price Change (24h)
- -2.34%
- Price Change (7d)
- -21.07%
- Market Cap
- $1.09B
- 24h Volume
- $539,533
- Circulating Supply
- 2.26B
- Max Supply
- 10B
About STRK
How can I buy Starknet (STRK)?
Buying STRK on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Starknet (STRK) for more information. What Is StarkNet (STRK) Crypto?
StarkNet is a decentralized, permissionless Layer 2 scaling solution for Ethereum designed by StarkWare. It utilizes STARK (Scalable Transparent ARguments of Knowledge) zero-knowledge proof technology to increase the scalability and privacy of transactions and smart contracts on the Ethereum network.
By processing transactions off the main Ethereum chain (Layer 1) and batching them into a single transaction that is then verified on Ethereum, StarkNet aims to significantly reduce transaction costs and increase throughput without compromising on security.
StarkNet operates as an Ethereum Layer 2 network, building on top of the Ethereum blockchain to offer enhanced capabilities. It allows developers to write scalable decentralized applications (dApps) using Cairo, a Turing-complete programming language developed by StarkWare specifically designed for creating STARK-based dApps. This enables StarkNet to process a large number of transactions at a fraction of the cost and time it would take on the Ethereum mainnet while still inheriting Ethereum's robust security guarantees.
In February 2024, the StarkNet ecosystem introduced its native network token, STRK, which plays a significant role in its governance, staking, and transaction fee mechanisms. The StarkNet Foundation announced plans to distribute 1.8 billion STRK tokens to drive adoption and growth within the StarkNet blockchain.
This distribution is set to begin on February 20, 2024, making it one of the most expansive in the industry, acknowledging the symbiotic relationship between Layer 1 and Layer 2 technologies. The distribution is designed to reward early users of ecosystem dapps, network contributors, and even Ethereum stakers, underlining the interconnectedness between StarkNet and the broader Ethereum ecosystem.
STRK tokens are intended for governance, allowing holders to vote on improvement proposals and changes to the StarkNet protocol. Additionally, these tokens may be required to stake in critical protocol services and pay transaction fees, which are currently in ETH. The introduction of STRK marks a significant step towards StarkNet's goal of creating a more scalable, efficient, and user-friendly ecosystem atop Ethereum.
The STRK token is available for trading on KuCoin’s Pre-market trading platform.
How Does StarkNet Layer-2 Network Work?
StarkNet operates as a Layer 2 scaling solution for the Ethereum blockchain, leveraging Zero Knowledge (ZK) proofs, specifically STARKs (Scalable Transparent ARguments of Knowledge), to enhance the scalability, privacy, and efficiency of transactions and smart contracts on Ethereum. Here's an overview of how StarkNet works:
1. Ethereum Layer 2 Scaling: StarkNet functions as a secondary layer on top of Ethereum. Instead of executing all transactions directly on the Ethereum mainnet (Layer 1), which can be slow and expensive due to its limited capacity, StarkNet processes transactions off-chain. This approach reduces congestion and gas fees on the main Ethereum network.
2. Zero Knowledge Proofs: StarkNet uses STARKs, a type of zero-knowledge proof technology, to maintain security and privacy. ZK-STARKs allow a party to prove to another party that a certain statement is true without revealing any information beyond the validity of the statement itself. In the context of StarkNet, it can process and validate transactions without exposing the actual data of those transactions, enhancing privacy and security.
3. Batching Transactions: Transactions made on StarkNet are batched together and processed off-chain. Once processed, these transactions are compiled into a single proof and submitted to the Ethereum mainnet. This proof certifies that all included transactions are valid under the rules of the Ethereum blockchain without needing to post each transaction's data on-chain. This method significantly reduces the data footprint and cost of transactions.
4. Cairo Programming Language: StarkNet introduces Cairo, a Turing-complete programming language designed specifically for writing STARK-based smart contracts. Cairo allows developers to create complex dApps with enhanced capabilities, such as privacy-preserving computations and high throughput, leveraging the power of ZK-STARKs.
5. Decentralization and Permissionlessness: StarkNet is designed to be a decentralized network that supports permissionless deployment of smart contracts. Anyone can develop and deploy dApps on StarkNet without requiring permission from a central authority, similar to Ethereum. However, StarkNet aims to offer this with higher scalability and lower costs.
6. Interoperability with Ethereum: StarkNet is closely integrated with Ethereum, ensuring compatibility and seamless interactions between dApps on StarkNet and those on the Ethereum mainnet. This interoperability is crucial for leveraging Ethereum's established ecosystem while offering improved transaction efficiency and scalability through StarkNet.
History of StarkNet Blockchain and STRK Coin
StarkNet was fully launched in February 2022 by StarkWare Industries, an Israel-based blockchain company focused on scaling Ethereum through innovative technologies. StarkWare, the developer behind StarkNet, has been instrumental in advancing Ethereum's scalability solutions, having also developed StarkEx, a permissioned network, before StarkNet.
Here are some key milestones in the StarkNet roadmap to know of:
1. The launch of its native token, STRK, is used for governance, staking, and network fees, with a portion reserved for long-term stakeholders to ensure stability.
2. StarkWare established the StarkNet Foundation, a non-profit that promotes network growth and decentralization and holds a significant share of STRK tokens for beneficial allocations.
3. The 'Devonomics' pilot program was initiated to reward developers who contribute to the network with a portion of transaction fees, encouraging active community participation.
4. StarkNet has implemented technical upgrades, such as v3 transactions and EIP-4844 integration, to enhance performance and reduce costs.
5. Community governance has been instrumental in supporting protocol upgrades, like StarkNet Alpha v0.13.0, improving transaction costs and network capabilities.
What Is STRK Token Used for?
Here's a breakdown of the primary uses for the STRK token:
1. Governance of StarkNet: STRK holders can vote on major changes to the StarkNet protocol, playing a crucial role in its development and future direction.
2. Pay Network Fees: One of the innovative features of STRK is its utility in paying network fees (or gas), offering an alternative to Ether (ETH). This flexibility is part of StarkNet's broader strategy to improve user experience and accessibility.
3. STRK Staking for Network Security: STRK is expected to be integral to the security of the StarkNet network through a staking mechanism. Like ETH is used on the Ethereum mainnet, staking STRK will contribute to network validation and security processes.
4. Fee Token: Discussions within the StarkNet community have highlighted the role of STRK as a fee token, which could lead to reduced gas fees on the network. This utility aligns with efforts to make StarkNet an efficient and cost-effective platform for users and developers.
5. Trade StarkNet on KuCoin: Trade STRK on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell STRK or hold the token long-term if you believe in the future potential of the StarkNet layer-2 network, but only after doing your own research (DYOR).
Starknet (STRK) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.01054 | -2.15% |
| 7 Days | $-0.13184 | -21.53% |
| 30 Days | $-0.03491 | -6.77% |
| 3 Months | $0.06731 | 16.29% |
24H Investment Barometer
24H
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Starknet Conversion Rate
FAQ
How much is 1 Starknet (STRK) worth?
KuCoin provides real-time USD price updates for Starknet (STRK). Starknet price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time STRK to USD exchange rates. Is StarkNet (STRK) a Good Investment?
Here are some potential advantages of investing in StarkNet crypto:
1. Innovative Technology: StarkNet utilizes state-of-the-art zero-knowledge proof technology, offering scalability and privacy enhancements to the Ethereum network. This cutting-edge approach positions StarkNet as a leader in blockchain scalability solutions.
2. Ecosystem Growth: The broad distribution of STRK tokens aims to foster a diverse and inclusive ecosystem. Investing early in such projects could offer exposure to a growing ecosystem with increasing utility and demand for the token.
3. Governance Participation: Holding STRK tokens gives investors a say in the governance of the StarkNet network. This participatory approach to network development allows investors to influence decisions and the platform's future direction.
4. Utility and Staking Rewards: STRK tokens have multiple utilities within the StarkNet ecosystem, including paying transaction fees and staking for network security. This utility and potential staking rewards offer a compelling use case and incentive structure for token holders.
5. Potential for Reduced Transaction Fees: The discussion around STRK as a fee token suggests a potential for reduced transaction fees on the StarkNet network, which could attract more users and developers, thereby increasing the token's utility and value.
6. Early Adoption: Getting involved with StarkNet at an early stage provides the opportunity to participate in a significant evolution in blockchain technology, with the potential for early investments to appreciate as the technology matures and gains wider adoption.
What Is StarkNet Price Prediction?
Although the volatile nature of the crypto market makes it challenging to provide a precise STRK price prediction, you could monitor the following factors for a better understanding of the price changes in the StarkNet token:
1. Crypto Market Sentiment: General sentiment in the cryptocurrency market can significantly affect the price of STRK token. Positive sentiment can lead to price increases, while negative sentiment can cause declines.
2. Adoption and Utility: The broader adoption of StarkNet for decentralized applications (dApps) and its utility within the ecosystem can drive demand for STRK. Increased utility for transaction fees, staking, and governance can positively impact the StarkNet price.
3. Network Upgrades and Technical Developments: Announcements and successful implementations of network upgrades or significant technical developments can influence investor and user confidence, potentially affecting the STRK price.
4. Staking Rewards and Tokenomics: The specifics of STRK's staking rewards and overall tokenomics, including supply constraints and distribution methods, can impact the STRK to USD price. A well-designed staking mechanism can encourage holding, reducing supply pressure on markets.
5. Partnerships and Ecosystem Growth: Strategic partnerships and expansion of the StarkNet ecosystem with new projects and integrations can increase the network's value and, by extension, the StarkNet crypto price.
6. Competition: StarkNet's position relative to other scaling solutions and blockchain platforms can affect the STRK crypto price. Innovations or growth in competing networks may impact investor perception and the token's market position.
7. Economic and Global Events: Broader economic conditions and global events that affect investors' risk appetite can also influence the price of cryptocurrencies, including STRK.
How to Participate in StarkNet Airdrop
The STRK airdrop is aimed at users who actively participate in the StarkNet ecosystem and contribute to its growth. To be eligible for the StarkNet (STRK) airdrop, participants are advised to engage with the StarkNet ecosystem, particularly through the use of its testnet and various dApps on the network. Here’s how to participate in and claim the StarkNet airdrop:
1. Use a Compatible Wallet: Argent X and Braavos are the primary crypto wallets compatible with StarkNet for claiming the airdrop. Setting up and using one of these wallets is crucial for participation.
2. Interact with the StarkNet Ecosystem: Engaging with dApps on StarkNet, such as 10KSwap, zkLend, and others, as well as minting NFTs on platforms like MintSquare, can increase your chances of being eligible for the airdrop.
3. Bridge Assets to StarkNet: Using bridges like Orbiter Finance or StarkGate to move assets to StarkNet is recommended to be included in the snapshot for the $STRK airdrop.
4. Check Your Eligibility: StarkNet has set up a provisioning page where users can verify their eligibility for the airdrop. Keep an eye out for official announcements for the link to this page.
5. Claim Your Tokens: You can claim your STRK tokens through the official StarkNet airdrop dApp if eligible. Ensure that you follow all security measures recommended during the claim process.
6. Stay Informed: Follow StarkNet's official social media channels for the latest updates, announcements, and instructions regarding the airdrop to ensure you don't miss any crucial steps or information.
What is the all-time high price of Starknet (STRK)?
The all-time high price of Starknet (STRK) is $3.66000. The current price of STRK is down 86.88% from its all-time high.
What is the all-time low price of Starknet (STRK)?
The all-time low price of Starknet (STRK) is $0.32016. The current price of STRK is up 50.11% from its all-time low.
How much Starknet (STRK) is there in circulation?
As of 12 21, 2024, there is currently 2.26B STRK in circulation. STRK has a maximum supply of 10B.
What is the market cap of Starknet (STRK)?
The current market cap of STRK is $1.09B. It is calculated by multiplying the current supply of STRK by its real-time market price of $1.09B.
How do I store Starknet (STRK)?
You can securely store your Starknet in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your STRK include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert X Empire (X) to cash?
You can instantly exchange your X Empire (X) for cash using KuCoin's Fast Trade feature. This feature enables you to convert X to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.