Starknet's TVL Skyrockets by 194% in Just A Week: What's Next for STRK?:
In less than two weeks after its Mainnet launch, Starknet has seen its Total Value Locked (TVL) soar to $1.32 billion, marking an impressive 194% surge, as per data obtained by AMBCrypto from L2BEAT.
This surge indicates a notable resurgence in market trust for the project. Despite early controversies surrounding token dumping and issuance errors, Starknet's successful Mainnet launch has propelled it to become the fourth-largest Layer 2 (L2) project on Ethereum blockchain.
The TVL, which measures the value of assets staked or locked on a particular blockchain network, serves as a crucial metric for gauging market confidence. Starknet's remarkable TVL growth signifies a positive shift in sentiment among market participants towards its Layer 2 solution.
However, while the surge in TVL paints a promising picture for Starknet's future, its native token STRK's price trajectory remains uncertain. The recent dip in development activity, coupled with concerns over token unlock schedules, raises questions about STRK's short-term performance.
Nevertheless, indicators such as an increase in stablecoin supply held by whales and potential movements in ETH's price towards $3,500 offer glimmers of hope for STRK's price stabilization or even a significant upswing.
As the landscape evolves, all eyes are on whether Starknet's recent momentum can translate into sustained growth for its native token, STRK.
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