STRK (Starknet) fell 1.12% in the last 24 hours.

Gate News Bot message, October 09, according to CoinMarketCap data, as of the time of writing, STRK (Starknet) is currently priced at $0.16, falling by 1.12% in the last 24 hours, with a high of $0.20 and a low of $0.14. The current market capitalization is approximately $696 million.

Starknet is a Layer 2 scaling solution that utilizes STARK technology to ensure computational integrity. By employing advanced mathematics and cryptography to verify off-chain transactions, Starknet overcomes Ethereum's scalability limitations. As a validity Rollup, Starknet provides limitless scalability while maintaining Ethereum's security and decentralization. Starknet adopts native account abstraction, where all accounts are smart accounts, and their behavior is determined by developers rather than the protocol layer. This offers unparalleled flexibility in account management, allowing developers to customize applications to enhance user experience and security.

Important recent news about STRK:

1️⃣ Vitalik Buterin received a large amount of STRK unlock.

Ethereum co-founder Vitalik Buterin has received 6.29 million STRK tokens unlocked after a year, worth approximately $1.01 million. This batch of tokens may originate from the $6 million seed round financing of StarkWare that he participated in January 2018. It is worth noting that Vitalik had transferred the received STRK tokens to an exchange a year ago, and this unlocking may impact market supply.

2️⃣ STRK staking scale exceeds 100 million US dollars

The number of STRK tokens staked on the Starknet network has exceeded 601 million, with a total value surpassing 108.81 million USD. This milestone reflects investors' confidence in the Starknet ecosystem while also reducing market circulation, which may provide support for the price.

3️⃣ Bitcoin staking feature gains attention

The Bitcoin staking feature launched by Starknet has attracted a large number of users, with a total of 510.2763 Bitcoins staked, worth approximately 63.77 million USD. This innovative feature showcases Starknet's advantages in cross-chain interoperability and is expected to attract more users and capital into the ecosystem.

Despite the slight fall in STRK prices over the past 24 hours, the ongoing development and innovation of the Starknet ecosystem may support its long-term value. The growth in staking volume and the launch of new features may enhance investor confidence, but the market still needs to pay attention to the potential selling pressure from large unlocks.

This message is not intended as investment advice; investors should be aware of market volatility risks.