Starknet

Starknet

STRK #164
CCC 54% L1 Protocol Watch

Project Safety Score: 54%

Updated 5 minutes ago
StarknetSTRK
Market Cap$259522453
24hr Volume$23535461
24hr Change-5.8%
Price$0.04402131
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
79 A
100% · medium
Developer
Health
19 D
100% · medium
Network
Security
60 B
100% · medium
Social
Behavioral
65 BB
60% · low
Adoption
& Liquidity
49 CCC
100% · high

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STRK Starknet Details
Type
L2
Launched
2024
HQ
Tel Aviv, Israel
Team
Doxxed
InfrastructureSmart Contract PlatformSolana EcosystemEthereum EcosystemLayer 2 (L2)Zero Knowledge (ZK)Starknet EcosystemParadigm Portfolio

StarkNet is a decentralized Layer 2 validity rollup designed to enhance Ethereum's scalability through the use of cryptographic protocols known as STARKs. This protocol emphasizes key principles such as decentralization, transparency, inclusivity, and security while operating on the Ethereum network.

The StarkNet Token serves various functions within the ecosystem including governance, transaction fee payments, and participation in the consensus mechanism. It is essential for maintaining the network and guiding its strategic direction. The governance model is structured to involve participants in decision-making processes related to the platform's evolution.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 79 out of 100. Starknet has a solid track record with a history of 2.3 years and no regulatory actions, indicating a clean compliance record. Additionally, there are no historical incidents on file, which is a positive sign. However, there is one concern raised during research that potential investors should consider. Overall, the absence of past issues enhances Starknet's credibility.

Developer health score 19 out of 100. The developer health score indicates challenges, with only 115 GitHub stars and 87 forks, reflecting a relatively limited community engagement. Notably, there have been no commits in the past month, suggesting a lack of recent development activity. Although there are 33 contributors, the low commit cadence may point to concerns about the ongoing progress of the project.

Network security score 59 out of 100. Starknet exhibits moderate network security, with a market cap of $242,160,672 indicating some economic vulnerability. However, it is positively noted that the project has a defined hard cap of 10 billion tokens and lacks any historical incidents, reflecting a robust security framework. The circulating supply ratio of 59% suggests reasonable control over token circulation, contributing to overall stability.

Social behavioral score 62 out of 100. The social behavioral score indicates a generally positive online presence. Starknet has verified accounts on Twitter, Discord, and Telegram, although specific audience data is limited. Sentiment appears favorable, with a 67% positive ratio, and there is minimal negative press, which is reassuring for potential investors. Nonetheless, there is one concern noted in research that should be monitored.

Adoption liquidity score 53 out of 100. With a score in the mid-range, Starknet shows moderate liquidity, evidenced by a 24-hour trading volume of approximately $73 million. The project is well-represented in centralized exchanges, boasting 63 listings, which can enhance its accessibility. However, the market cap tier indicates a certain level of vulnerability, signaling that liquidity may be limited compared to larger projects.

Overall, while Starknet presents some promising attributes, including a clean regulatory history and a good number of exchange listings, it faces challenges in developer activity and overall market stability. As with any cryptocurrency investment, potential investors should conduct thorough research and consider the inherent volatility and risks associated with assets in the crypto space.

  • Eli Ben-Sasson - Co-founder and President LinkedIn ↗
    Prior: Co-founder of StarkWare Industries
    Co-inventor of STARK technology, a cryptographic proof system.
  • Uri Kolodny - Co-founder and CEO LinkedIn ↗
    Prior: Co-founder of StarkWare Industries
    Focuses on operational and strategic aspects of StarkNet.
  • Mikhail Rybnikov - Co-founder and CTO LinkedIn ↗
    Prior: Co-founder of StarkWare Industries
    Expert in cryptographic proofs and zero-knowledge technologies.
  • Alessandro Chiesa - Co-founder and Chief Scientist LinkedIn ↗
    Prior: Co-founder of StarkWare Industries
    Specializes in cryptographic protocols and zero-knowledge proofs.
View whitepaper ↗ (2021)
Quality: high
Max supply: 10000000000
Team allocation: 20.0%
Investors: 18.2%
Public: 7.2%
Treasury: 8.1%
Next unlock: 2024-04-15
  • StarkNet is a decentralized L2 solution aiming to scale Ethereum without compromising its core principles.
  • The STRK token is integral to StarkNet's ecosystem, used for governance, transaction fees, and staking.
  • The project has a clear roadmap for token distribution and vesting schedules.
  • No recent code commits
  • STRK token experienced a significant price drop shortly after launch, indicating potential market volatility.

Price Chart - Starknet

Contract Security

ethereum · 0xca14007eff0db1f8135f4c25b34de49ab0d42766
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
33388
Top 10 Hold
66.9%
Top 50: 81.4%
Top Holders
  • 0xce5485cfb26914c5d… 33.90%
  • 0x10e5756a27486e4f4… 12.36%
  • 0x1521f00f0d805b4ae… 9.90%
  • 0xf977814e90da44bfa… 2.97%
  • 0x798425cb26cb41016… 2.04%
  • 0xfd45b404d60154f8e… 1.74%
  • 0xb1c561105359f549f… 1.14%
  • 0x0990347290fb83012… 1.00%
  • 0x28c6c06298d514db0… 0.95%
  • 0x2d27db90a51e08017… 0.89%
Source: ethplorer

View on Chain

Solana Starknet Ethereum · Etherscan
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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$4.41
All-Time Low$0.0321
Circulating5896192543
Total Supply10000000000

Community Sentiment

👍 67% 33% 👎

Recent News

Starknet Rocks Bitcoin News With Private Wrapped BTC Launch

general 1 source 3 days, 12 hours ago

Starknet launches strkBTC, a Bitcoin asset enhancing privacy with zero-knowledge proofs

general 1 source 4 days, 9 hours ago

ZK-powered Bitcoin privacy solution officially launched on Starknet.

general 1 source 4 days, 22 hours ago

Endur launches xstrkBTC, the first liquid staking token for Starknet's shielded Bitcoin

general 1 source 5 days, 9 hours ago

Starknet Launches strkBTC to Enable Confidential BTC Transactions

general 1 source 6 days, 10 hours ago

Starknet: The strkBTC token is now live on Starknet

general 1 source 6 days, 12 hours ago

Starknet Launches Privacy-Focused Bitcoin Asset strkBTC

general 6 sources 6 days, 12 hours ago

K线人生飞哥(@XG297174)'s insights

general 1 source 1 week, 1 day ago

What is behind Starknet's recent drop in value today

general 1 source 1 week, 1 day ago

Starknet's STRK token rallies 13% amid bullish signals but faces key resistance and weak on-chain capital.

general 1 source 1 week, 2 days ago

Developer Activity

GitHub stars⭐ 115
Forks87
Watchers2
PRs merged266
View on GitHub →

Starknet GitHub