STRK (Starknet) fell 1.90% in the last 24 hours.

Gate News Bot news, on August 18, according to CoinMarketCap data, as of the time of publication, STRK (Starknet) is currently priced at 0.14 USD, falling by 1.90% in the last 24 hours, with a high of 0.15 USD and a low of 0.13 USD. The current market capitalization is approximately 526 million USD.

Starknet is a Layer 2 blockchain network that utilizes STARK technology to ensure computational integrity. By employing off-chain transaction validation, Starknet overcomes the scalability limitations of Ethereum. As a Validity Rollup, Starknet provides infinite scalability while maintaining the security and decentralization of Ethereum. Starknet adopts Native Account Abstraction to offer an efficient and user-friendly experience, with all accounts being smart accounts whose behavior is determined by developers rather than the protocol layer. This provides unparalleled flexibility in account management, allowing developers to customize applications to enhance user experience and security.

Important news about STRK recently:

1️⃣ Starknet ecosystem welcomes important DEX launch The decentralized perpetual contract exchange Extended officially launched on the Starknet mainnet on August 12. The platform supports over 50 trading pairs and offers up to 100x leverage. Extended previously operated on StarkEx, with a cumulative daily average trading volume of $319 million and an annualized return of approximately 70% over the last 30 days. The addition of this important DEX is expected to bring more liquidity and user activity to Starknet.

2️⃣ Extended Phased Migration Strategy Extended adopts a three-phase migration strategy, where the old and new versions will run concurrently for the first two weeks, after which the old version will be gradually phased out. This smooth transition approach helps to ensure user experience and platform stability, while also reflecting the project team's confidence in the Starknet ecosystem.

3️⃣ Extended recognized by the industry Extended has completed a financing round of 6.5 million USD, with investors including well-known institutions such as Tioga Capital, Semantic Ventures, and StarkWare. This not only provides Extended with ample development funds but also indirectly reflects investors' optimism towards the Starknet ecosystem.

From a technical perspective, although the STRK price has experienced a slight fall, the continuous development of the Starknet ecosystem may provide support for future prices. The addition of important applications such as Extended is expected to attract more developers and users, promoting further prosperity of the ecosystem. However, investors still need to closely monitor the overall market trends and potential risks.

This message is not intended as investment advice, and investors should be aware of market volatility risks.