The live price of Starknet is - per (STRK / USD) with a current market cap of $480.10M USD. 24-hour trading volume is - USD. STRK to USD price is updated in real-time. Starknet is -% in the last 24 hours with a circulating supply of 3.11B.
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Starknet is a ZK-Rollup Layer 2 network built on Ethereum that enables DApps to scale massively without compromising security. It achieves this by bundling transactions into a STARK proof computed off-chain. This proof is then submitted to Ethereum as a single transaction, enabling higher throughput, faster processing times, and lower costs, while retaining the strong security of Ethereum's settlement layer.
Starknet is a Layer 2 scaling solution for Ethereum that leverages zero-knowledge proofs to achieve high transaction throughput and low fees. As a permissionless and decentralized validity rollup (commonly referred to as a “ZK-Rollup”), Starknet operates as a second-layer network on Ethereum. This setup allows decentralized applications (DApps) to scale their computational capabilities while enjoying Ethereum’s composability and security. Starknet's efficiency and security are attributed to its use of the STARK cryptographic proof system, known for its scalability and robustness.
STRK is the native digital currency of Starknet L2 and serves multiple important roles within the network. Primarily a governance token, STRK allows holders to vote on or delegate decisions regarding protocol upgrades and changes. STRK can also be used for staking, which is critical for core network functions such as sequencing and ensuring data availability. Currently, transaction fees on Starknet must be paid in ETH, but the project plans to introduce support for paying fees with STRK tokens in the future.
Starknet is a Layer 2 scaling solution for Ethereum that uses zero-knowledge proofs to achieve high transaction throughput and reduce transaction fees.
The price of the STRK token is influenced by various factors, including but not limited to overall sentiment in the cryptocurrency market and the performance of the Strike Finance platform.
The Starknet token (STRK) is the native token of Starknet, a validity rollup platform developed by StarkWare Industries. STRK serves multiple purposes in the network, including paying transaction fees, participating in governance, and staking.
Liquidation occurs when a borrower on the Strike platform exceeds a certain market or total collateral factor percentage. When this happens, the liquidation process is automatically executed by the relevant Strike smart contract.
As a result, the underlying collateral assets are liquidated to fulfill the borrower’s obligations. These obligations also include a liquidation penalty fee charged by the protocol.
Follow these steps to get started with Starknet:
Make sure you have an Ethereum wallet with ETH, such as MetaMask.
Set up a Starknet-compatible wallet, such as Argent or Braavos.
Transfer funds to Starknet:
Use the StarkGate bridge (https://starkgate.starknet.io/) to connect your Ethereum and Starknet wallets.
Transfer ETH or other tokens from your Ethereum wallet to Starknet and pay a small Ethereum gas fee.
Once you have funds in your Starknet wallet, you can interact with Starknet DApps and DeFi protocols to perform various operations, including token swaps, providing liquidity, and purchasing NFTs. As Starknet evolves, the range of available DApps and features will continue to grow.
Supply and borrowing interest rates are determined through a yield curve-based rate mechanism. This makes the process autonomous and does not require users of the protocol to negotiate rates individually. In addition, the mechanism follows a traditional macroeconomic supply and demand model.
Whenever demand in a specific market is low, supply and borrowing rates remain low, making it more attractive for borrowers. On the other hand, as market demand increases, borrowing and supply rates automatically adjust upward. The entire process is governed by code and managed through the Strike protocol’s governance mechanism.
The Starknet to other currencies exchange rate?
