Coin Edition -
- STRK’s price swung between $1.29 and $1.18 in 24 hours. It is now at $1.20, with a 755% spike in trading volume.
- Vitalik Buterin receives $1M in Starknet tokens amid declining STRK market value.
- Starknet introduces Kakarot zkEVM, shifting to Solidity to boost developer adoption.
Starknet’s (STRK) price has been volatile in the last 24 hours, swaying between an intra-day high and low of $1.29 and $1.18, respectively. As of press time, STRK was trading at $1.20, a 2.72% decline from the intra-day high. While the 24-hour trading volume surged by 755% to $324.17M, a 2.72% decline in market capitalization to $1.37B accompanied this dip.
STRK/USD 1-day price chart (source: CoinMarketCap)
Concurrently, despite the strategic move to allocate a $1 million grant in locked Starknet tokens to Ethereum co-founder Vitalik Buterin, Starknet’s token price experienced notable market fluctuations.
vitalik.eth(@VitalikButerin) unlocked and claimed 845,205 $STRK($1.07M) 2 hours ago.https://t.co/jKAXTJMDLq pic.twitter.com/9nV0Azn5bh— Lookonchain (@lookonchain) May 24, 2024
The grant, intended to appreciate Buterin’s influence and contributions to blockchain technology, was expected to bolster market confidence in Starknet. However, the price of Starknet’s native token exhibited a downward trend shortly after the announcement, challenging expectations.
Technological Advancements and Market Outlook
Further adding to the blockchain community’s focus, Starknet announced its advancements in layer-2 solutions for Ethereum with the introduction of a zero-knowledge rollup compatible with the Ethereum infrastructure. This setup, known as a zkEVM, named Kakarot, is currently in a public whitelist phase, allowing selected developers to test new protocol changes before it becomes widely available. Starknet’s decision to adopt a zkEVM aims to make its platform more accessible to developers familiar with Solidity, Ethereum’s predominant programming language.
Today is the DAY!