Overview
StarkNet (STRK) is a decentralized, permissionless ZK-Rollup layer-2 blockchain built on Ethereum. It enables decentralized applications (dApps) to scale computationally without sacrificing the security or composability of the Ethereum network. By utilizing STARK proofs, one of the most secure and scalable cryptographic systems available, StarkNet provides a robust infrastructure for developers.
The native token of the network, STRK, is used for transaction fees, governance, and participating in the consensus mechanism. As of the latest data, the live StarkNet price is approximately $0.113, with a market capitalization of around $406.70 million.
Key Market Statistics
- Current Price: $0.113
- 24h Price Change: -6.26%
- All-Time High (ATH): $5.30 (reached on February 20, 2024)
- Market Cap Rank: #111
- 24h Trading Volume: $15.84 Million
- Market Capitalization: $406.70 Million
Supply Metrics
- Circulating Supply: 3.59 Billion STRK (35.9% of max supply)
- Total Supply: 10.00 Billion STRK
- Max Supply: 10.00 Billion STRK
How StarkNet Technology Works
StarkNet is a Validity-Rollup, or ZK-Rollup, that settles its proofs on the Ethereum mainnet. This design ensures that all transactions are batched together and verified off-chain before a single cryptographic proof is submitted to Ethereum. This process dramatically increases transaction throughput while reducing costs, all while inheriting Ethereum's foundational security.
A key differentiator is its use of the Cairo programming language. Unlike other L2s that might use the Ethereum Virtual Machine (EVM), StarkNet's core contracts and operating system are written in Cairo. This allows developers to build highly efficient and scalable dApps for any use case with complex business logic.
Factors Influencing the STRK Price
The price of STRK, like other crypto assets, is subject to a variety of market forces and project-specific developments.
- Ecosystem Growth: The number and quality of dApps deploying on StarkNet drive demand for the network and its native token.
- Network Activity: High volumes of transactions and users increase the demand for STRK to pay for gas fees.
- Market Sentiment: Broader trends in the cryptocurrency market significantly impact investor appetite for assets like STRK.
- Token Utility: The use cases for STRK, including staking, governance, and fee payment, directly affect its value proposition.
- Adoption and Partnerships: Strategic integrations and collaborations can boost confidence and attract new users to the ecosystem.
For those looking to dive deeper into the mechanics of layer-2 trading and analysis, you can explore advanced on-chain metrics.
How to Use a STRK Price Converter
A live price converter is an essential tool for any investor. It allows you to calculate the value of your holdings in real-time against various fiat currencies like the US Dollar (USD) or other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Simply enter the amount of STRK you wish to convert, and the tool will automatically display the equivalent value based on the current average market rate from leading global exchanges.
Frequently Asked Questions
What is StarkNet (STRK) used for?
STRK is the native utility token of the StarkNet network. Its primary uses include paying for transaction fees (gas), participating in the network's governance by voting on proposals, and staking to secure the ecosystem.
How does StarkNet differ from other Ethereum layer-2 solutions?
The main difference lies in its proof system and virtual machine. StarkNet uses STARK-based zero-knowledge proofs for scaling and has its own VM powered by the Cairo programming language, unlike EVM-compatible rollups like Optimism or Arbitrum.
Where can I buy StarkNet (STRK)?
STRK is listed on numerous major cryptocurrency exchanges. You can typically purchase it using fiat currency or by trading other cryptocurrencies like BTC, ETH, or stablecoins on these platforms.
What does 'non-EVM' mean?
Non-EVM means the platform does not use the Ethereum Virtual Machine. This means applications written for Ethereum (in Solidity) cannot be directly deployed on StarkNet without being rewritten or ported to its native language, Cairo.
What is the total supply of STRK?
The maximum supply of STRK is capped at 10 billion tokens. The current circulating supply is approximately 3.59 billion tokens.
How can I track StarkNet's price and market data?
You can track live STRK price charts, market cap, trading volume, and other key metrics on various cryptocurrency data aggregator websites, which pull real-time information from exchanges worldwide. To stay updated with the most accurate data, view real-time market tracking tools.