STRK

Starknet · General-purpose ZK L2

20 /100

T5Impaired · #71 of 77

No engine yetCould move up ↑low likelihoodReviewed Oct 23, 2026

DemandSoundnessDurability

9 of 455 of 406 of 15

Key facts

SupplyFloat 75% of issued supply

Circulating 7.59B, 75%
Locked or unvested 2.59B, 25%
No cap: supply can keep growing, see Supply discipline

FDV / market cap

1.3x

$498.7M / $372.0M

Market cap

$372.0M

Price $0.049, 7d −31.2%

Market data: CoinGecko, Oct 24, 2026. Scores reviewed Oct 23, 2026.

Assessment

Nothing reaches STRK: it is the sole Starknet gas token, but sequencer fees of ~$2M a year accrue to StarkWare-run sequencers, with no burn, fee switch or buyback. Early contributors, investors, StarkWare and Foundation buckets account for ~80% with no public sale, and five 127M tranches run to Mar 15, 2027. StarkWare runs every sequencer, a 9-of-12 council upgrades instantly, and block production halted on Sep 2, 2025 with two reorgs. Staking mints ~157M STRK a year, but the binding problem is that the L1 token's DEFAULT_ADMIN, a 3-of-6 Safe, can grant MINTER_ROLE to any address without a holder vote.

How value reaches holders

Nothing reaches STRK. Sole fee token since v0.14.0 (Sep 1, 2025), but sequencer fees (~$6k/day, ~$2M trailing year) accrue to the StarkWare-run sequencers; no burn, fee switch or buyback exists or is formally proposed. Staking APR (~7.6%) is pure minting at the 4% coefficient ceiling SNIP-18 allows, ~157M STRK/yr; the L1 contract reads 10.166B against the 10B 'max' trackers show. Insider vesting 127M/month to Mar 15, 2027

Score anatomy

Demand

9 / 45: the stronger of two routes, plus adoption

Why would anyone hold it: does value reach the token, and is the network or product used today?

Holder routing engine input

Nothing reaches holders by design

How this is scored

Revenue reality engine input

$0.5-5M/yr, or undisclosed

How this is scored

Monetary usage engine input

Sole Starknet gas token since Sep 2025; only ~$5M of STRK and xSTRK is posted at third-party lenders (Vesu).

Pays its own network's fees (gas never counts higher, whatever the size of the economy)medium confidenceHow this is scored

Adoption ×3

Starknet TVL $0.04B (-82% YoY) and stablecoins $0.04B (-75%), ~2k daily active addresses: down 60%+

Marginal or fading: negligible use for its size, usage down 60%+ year on year, or a lost forkhigh confidenceHow this is scored

Two routes, the stronger counts

Revenue 1, minus 5 for routing 0 = cash flow 0. Money use 1. The engine is the stronger route: 1.

Soundness

5 / 40

Can a long-term holder trust the rules: supply, float, distribution and control?

Supply discipline ×3

~1.5%/yr staking mint (~157M STRK), but the L1 token's DEFAULT_ADMIN is a 3-of-6 Safe that can grant MINTER_ROLE to any address without a holder vote (read Oct 23, 2026).

Over 15%/yr, or a key, company, committee or multisig can mint without limit or redirect issuancehigh confidenceHow this is scored

Float and unlocks ×1

Float 75% (7.59B of 10.18B); five 127M tranches to Mar 15, 2027 (~0.7% of float a month over 12 months), and ~49% of supply sits in discretionary Foundation buckets.

0.5-1.5% per month, or large foundation or treasury holdings without a schedulemedium confidenceHow this is scored

Distribution ×2

Early contributors 20.04%, investors 18.17%, StarkWare 10.76%, Foundation buckets ~31%: ~80%; airdrop 9% and rebates 9%; no public sale

Insiders received over 50%, or one organization directs over 30% todayhigh confidenceHow this is scored

Decentralization and security ×2

On Sep 2, 2025, after the v0.14.0 upgrade, block production halted and two reorgs reverted ~1 hour and ~20 minutes of transactions; StarkWare runs all sequencers and a 9-of-12 council upgrades instantly

A halt, rollback or exploited consensus bug in the last 24 months, attack cost under $10M, or a foundation-selected validator set or small multisig can halt or upgrade with no meaningful exit windowhigh confidenceHow this is scored

Durability

6 / 15

Is it big, proven and reachable by institutions?

Scale ×1

$400.6M market cap (band 3), $85.2M/day median volume (band 4), no flags.

Mid-cap: $250M-1B market cap and $10M/day+How this is scored

Track record ×1

Launched Feb 20, 2024: 2.7 years old.

1-3 yearshigh confidenceHow this is scored

Institutional access ×1

Valour Starknet ETP in Europe; no US filing found.

OTC trust, non-US product, or a pending US filinghigh confidenceHow this is scored

What would move it up

To reach T4 Speculative, one gate is still open:

Supply 0needs 1(open)

Tier outlook · next trigger Mar 15, 2027

Could move up ↑low likelihood

Supply rises if the 3-of-6 Safe's power to grant MINTER_ROLE moves behind a binding holder vote
Routing rises above 0 only if a SNIP sends sequencer fees to stakers or burns STRK
Overhang: the last insider tranche on Mar 15, 2027, and Foundation bucket use afterwards
Security rises if staking v3 (SNIP-33) moves sequencing away from StarkWare and upgrades gain an exit window

Research report

Sep 19, 2026 · source confidence 75%

The largest of the ZK rollups by token float and one of the few L2s where the native token is the only fee token, since September 2025. That plumbing does not reach holders today: sequencer fees, roughly six thousand dollars a day in September 2026 and down more than 95% from the November 2023 peak, accrue to the StarkWare-operated sequencers, and there is no burn, fee switch or buyback live or formally proposed. Staking rewards of about 7.6% are paid in newly minted STRK, with the effective inflation coefficient documented at the 4% ceiling of the range governance approved, so the Layer 1 contract already carries about 166 million more tokens than the ten billion figure most trackers display. The supply event that matters is the insider vesting schedule: 127 million tokens on the fifteenth of each month, with six tranches left after September 2026 and the final one on March 15, 2027. Total value locked is roughly half its January 2026 level, activity runs near two thousand daily active addresses, and the September price rally happened on volume equal to about half the market cap.

Structure (13 facts)

Chain: ethereum (L1 token); Starknet L2
What it is: general-purpose ZK rollup (SN Stack, Cairo); L2BEAT Stage 1 since 2025-05-14, all sequencers StarkWare-run, 9/12 Security Council with instant upgrades
TGE: 2024-02-20 provisions airdrop; genesis 10B minted on L1 2022-11-30
Max supply: no hard cap: genesis 10B, staking rewards are newly minted. L1 totalSupply() read 10,166,400,000 on 2026-09-19 while CoinGecko still shows 10B total/max
Circulating supply (approx): 7,350,605,580
Market cap (approx): $318,000,000
Allocation: Early contributors: 20%
Investors: 18.2%
Starkware: 10.8%
Grants dev partners: 12.9%
Community provisions: 9%
Community rebates: 9%
Foundation strategic reserve: 10%
Foundation treasury: 8.1%
Donations: 2%
Unlocks: early contributors + investors (38.16%) vest on the 15th monthly: 64M/month Apr 2024 to Mar 2025, then 127M/month Apr 15 2025 to Mar 15 2027. After the Sep 15 2026 tranche, 6 tranches (~776M, ~10.6% of float, ~1.73% of float per month) remain; zero insider vesting from Apr 2027. Foundation buckets (~49% of supply) are contractually unlocked and discretionary, not time-locked
Value accrual: None to holders. STRK is the sole fee token since v0.14.0 (2025-09-01) but sequencer fees (~$6k/day chain-level on DefiLlama, ~$227k/30d, ~$2M trailing year, down >95% from the Nov 2023 peak) go to StarkWare-run sequencers; no burn, no fee switch, no buyback exists or is proposed by StarkWare/Foundation. Staking yield (~7.6% APR) is 100% new minting: M = (C/10)*sqrt(staked share), docs show the effective coefficient at the 4% ceiling on mainnet (SNIP-18 set 1.6% with a 1-4% band); ~157M STRK/yr (~1.5%) at the current 1.56B staked (21% of float). BTC staking live (alpha 0.25) since SNIP-31 (2025-08-21)
Usage: DefiLlama TVL $159M (2026-09-19) vs $324M peak 2026-01-20 (-51%), flat y/y; L2BEAT TVS $461M of which $180M is STRK itself; ~1.3 TPS / ~3 UOPS per second 7d avg, ~2k daily active addresses; app fees 92% Extended perps. StarkWare cut staff and split into infra + revenue-apps units Apr 2026. Nostra lending exploited for $3.5M on 2026-09-17
Governance: 2026 votes were all StarkWare-authored protocol upgrades (v0.14.2 Apr, v0.14.3 Jul, v0.14.4 targeted 2026-10-05); no tokenomics vote. Staking v3 decentralized validation (SNIP-33, v0.15) slipped from Q4 2025/Q1 2026, still unshipped. Incentive spend: DeFi Spring 90M (2024), BTCFi Season 100M (from 2025-09-30), StarkWare delegation programme restructured Jul 2026
Liquidity: ~$160M/day, ~0.5x mcap (very high for a rank-141 asset); ~89% CEX (Binance, OKX, then BTCC/LBank/OrangeX-class venues), ~11% DEX (Ekubo)
Comparables: Sept 19 2026: ARB float 68%, 92.65M/month (1.37% of float) to Mar 2027, fees $14.7k/day, TVL $1.43B; OP float 54%, core vesting ended May 2026, fees $2.3k/day, TVL $467M; ZK float 49%, ~173M/month (1.67%) to mid-2028, fees $0.5k/day, TVL $16M

Market figures at report date (Sep 19, 2026)

Price (approx): $0.0433
FDV (approx): $433,000,000
All-time high / low: 4.41 (2024-02-20, -99%); ATL 0.0222 (2026-08-18); +50% 7d / +67% 30d / -66% 1y as of 2026-09-19

Sources (10)

Compare with

How the ranking works and how STRK compares: see the full ranking. This entry as JSON:

GET https://tokens.10102.io/api/v1/tokenomics?symbol=STRK