Starknet Token (STRK) is the native token of Starknet, a Layer 2 scaling solution for the Ethereum blockchain. Built using STARK (Scalable Transparent Argument of Knowledge) cryptographic proofs, Starknet aims to enhance Ethereum's scalability by enabling faster and more cost-effective transactions without compromising security. The STRK token plays a key role in the Starknet ecosystem, serving functions related to governance, transaction fee payments, and network staking. By leveraging zero-knowledge rollups, Starknet seeks to improve the efficiency and throughput of decentralized applications (dApps).

Starknet Token (STRK) operates within the Starknet Layer 2 network, which uses zero-knowledge rollups to bundle multiple transactions into a single proof submitted to the Ethereum mainnet. This approach reduces transaction costs and increases processing speed while maintaining the security of the Ethereum blockchain. STRK tokens are used to pay for transaction fees on the network, participate in governance decisions through voting, and can be staked to help secure the network. Starknet’s infrastructure allows developers to build scalable, high-performance dApps while benefiting from Ethereum’s security guarantees.

Starknet Token (STRK) has several key use cases within the Starknet ecosystem. It is used to pay for transaction fees on the network, incentivizing validators and ensuring smooth operations. STRK holders can participate in network governance by voting on protocol upgrades and changes, contributing to the decentralized management of Starknet. Additionally, STRK tokens can be staked to secure the network and support its consensus mechanism. The token also plays a role in incentivizing developers and users within the broader decentralized finance (DeFi) and dApp ecosystem built on Starknet.

Starknet was developed by StarkWare Industries, a company founded in 2018 by Eli Ben-Sasson and Uri Kolodny. StarkWare introduced STARK proofs as a way to enhance blockchain scalability and privacy through zero-knowledge cryptography. The Starknet mainnet launched in November 2021, providing a permissionless Layer 2 solution for Ethereum. The STRK token was introduced to facilitate governance, transaction fees, and staking within the network. Starknet has since gained attention as one of the leading Layer 2 scaling solutions, with a growing ecosystem of dApps and DeFi platforms leveraging its technology.

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The current circulating supply of Starknet Token is 6.8 billion.

Starknet Token ranks 190 among tradable assets on Coinbase. Popularity is currently based on relative market cap.