
Starknet (STRK) Announces Launch of StarkGate v2.0 on Mainnet to Enable Seamless Multi-chain Bridging
The Starknet Network has grown to a vibrant layer-two scaling solution on the Ethereum ecosystem with dozens of DeFi protocols.
The Starknet Network has grown to a vibrant layer-two scaling solution on the Ethereum ecosystem with dozens of DeFi protocols.
Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.
When ZRO first hit the market almost three months ago, it had a price tag of $4.4. Currently, it has recorded only a 23% price dip from launch.
Buterin’s crypto portfolio is largely dominated by Ether followed by 2.11 million Starknet (STRK) units, worth about $809K.
Last week’s overall outflows were largely driven by two funds. Those are Ark Invest/21Shares’ Bitcoin fund (ARKB) and Grayscale’s Bitcoin ETF (GBTC).
The sizable price surge that Starknet has recorded this past week contributed significantly to growth in activity in the derivatives market.
AltLayer, a decentralized protocol that facilitates the launch of native and restaked rollups, will take the lead with a planned release of 684 million ALT tokens on July 25.
Starknet is now the sixth-largest Layer-2 network by Total Value Locked (TVL) with $1.4 billion.
Starkware will now spread the unlock schedule for its STRK token after backlash about its previous schedule for developers and contributors.
The Circle STARK proving system is built over the Mersenne prime field M31 and will enable Polygon and StarkWare to achieve greater scalability without compromising on security.
During the token generation event, 728 million STRK tokens were given to around 1.3 million addresses.
Despite the initial success and market enthusiasm, the Starknet community has voiced frustrations, particularly regarding the airdrop’s execution details.
Many users voiced their grievances on social media platforms and the project’s Discord channel, expressing disappointment at being left out of the token distribution despite their contributions to the network.
The airdrop will see the scaling solution release 700 million STRK native tokens to 1.3 million eligible wallet addresses.
The eligibility pool for STRK token airdrop comprises more than half a million Starknet wallets and over 600,000 StarkEx wallets.