Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Starknet TVL pumped 194% in 7 days. What about STRK?
ALTCOIN NEWS

Starknet TVL pumped 194% in 7 days. What about STRK?

By Crypto FlexsFebruary 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Starknet TVL pumped 194% in 7 days.  What about STRK?
Share
Facebook Twitter LinkedIn Pinterest Email

  • The rise in TVL means that the project has regained market confidence.
  • Unless ETH rises significantly, the price of STRK may continue to fall.

According to data obtained by AMBCrypto from L2BEAT, the total value locked (TVL) of Starknet (STRK) has increased by 194%. At press time, Starknet’s TVL was $1.32 billion.

The increase in TVL means that Ethereum (ETH) Layer 2 has become the fourth largest L2 among projects already launched on the blockchain.

TVL measures the value of an asset locked in a specific blockchain network. For Starknet, this growth can be considered impressive.

The trend has improved

This is because it was only released on the mainnet on February 14th. The launch of Starknet was successful as it rewarded early adopters with over 700 million STRK tokens.

Chart showing TVL growth on Starknet

Source: L2BEAT

However, as AMBCrypto previously reported, its introduction was not without controversy.

Over the past week, there have been claims that the Starknet team has been selling huge amounts of tokens and dumping them on the community. This caused the price of STRK to fall below $2.

An error occurred in token issuance as well.

Moreover, the increase in TVL showed that the tide may have turned. A decrease in TVL may indicate that market participants were cautious about adding liquidity to Starknet.

Therefore, this impression suggests that participants perceive the L2 as trustworthy.

If TVL continues to increase, STRK is likely to surge higher than its press time value. However, TVL alone cannot determine whether the price of STRK will rise or not.

So we took some time to look at other indicators.

Can STRK stop its losing streak?

One of the indicators we considered was development activity. Development activity tells us whether the project brings new features to the network. This is done by tracking public GitHub repositories on the network.

If the metric increases, it means developers are releasing new features.

Therefore, the decline in development activity on Starknet means that developers are committing code more slowly. Reading the indicator can be considered a bearish signal.

But that doesn’t entirely mean it’s headed for ruin, even though STRK was one of the biggest losers of the week that just ended.

When it comes to stablecoin supply on the network, Santiment’s on-chain data shows that there has been some improvement. As of this writing, the supply of stablecoins held by whales has increased to 53.99.

The increase here suggests that whales have enough buying power to trigger a surge in STRK’s price.

Starknet development activity while stablecoin supply growsStarknet development activity while stablecoin supply grows

Source: Santiment


Realistic or not, here is STRK’s ETH market cap:


In the future, the price of STRK may stabilize or record significant increases. One of the reasons may be related to changes to the token unlock schedule.

Another factor that may affect the price is ETH. If ETH rises to $3,500, betas such as STRK may also rise.

Next: Can LINK Reclaim $20 and Top 10 Position This Week?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Exploring scalability issues and innovations in Web3 networks

October 22, 2024

Elon Musk’s xAI Makes AI Chatbot Grok Open Source Amid Lawsuit Against OpenAI

March 11, 2024

Trump plunges into Bitcoin ordinal as NFT ambitions falter

January 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.