Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025

The PBK Miner uses XRP mining to start a stable and efficient income method to easily earn $ 18,000 a day.

July 10, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

KuCoin Launches XStocks, Delivering A One-Stop Access Point To Top Global Tokenized Equities

July 18, 2025

💵 FREE $18 USDT – Just For Signing Up!

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

The future of EF ecosystem development

July 18, 2025

Satoshi-Aera Bitcoin Whale moves another 40K BTC to Galaxy Digital.

July 18, 2025

Behind The Surge In XRP, DLMining Brings New Opportunities To Mine BTC With Your XRP

July 18, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 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

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025
Most Popular

Bitcoin holders profited as new capital entered the market. Next is the $ 100k BTC price?

April 23, 2025

DOGE VS. ADA: Cardano Founder Reveals When Altcoin Season Officially Begins

March 6, 2024

The latest technology news in cryptocurrency and blockchain

December 21, 2023
  • 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.