Saltık 
Starknet‘s native token, STRK, has commenced trading at $5 following an extensive airdrop campaign. This airdrop characterized as the year’s largest, distributing 728 million tokens to approximately 1.3 million addresses. The fully diluted value of STRK soared to a staggering $50 billion, accompanied by an initial market cap of $3.64 billion.
Before its official launch, STRK‘s pre-launch perpetual futures were valued at $1.80 on Aevo. Post-release, the token swiftly surged to $5 on Kucoin but experienced volatility, retracting to $3.50 in its initial trading hours.
With a starting total supply of 10 billion tokens, the fully diluted value (FDV) of STRK stands at $35 billion, though its actual market cap, calculated by multiplying the current circulating supply by the current price, is $2.32 billion.
A significant portion of STRK’s supply, 50.1%, has been allocated to the Starknet Foundation for community airdrops, grants, and donations. Additionally, 24.68% of the total supply will be distributed to early contributors and investors, while 32% is earmarked for StarkWare employees, consultants, and developer partners. These tokens will be gradually unlocked over 31 months, starting from April.
Starknet, a layer-2 network leveraging zero-knowledge cryptography, facilitates scalability for decentralized applications (dApps) on the Ethereum blockchain. By aggregating transactions off-chain into a proof submitted to Ethereum, Starknet aims to expedite transaction processing and reduce associated fees. Layer 2 networks serve as overlays atop base blockchains (Layer-1) to alleviate congestion and enhance efficiency.