- On February 25, TVL of Starknet reached $1.31 billion.
- The project managed to surpass Base from Coinbase by this indicator.
- Starknet takes the fourth place in the ranking among other networks.
The Starknet project, which is a decentralized ZK storage and operates as Layer 2 on Ethereum, was among the top 5 networks in terms of blocked funds in smart contracts (TVL).
On February 25, 2024, Starknet’s TVL reached $1.31 billion, according to the L2Beat platform. The L2 solution managed to surpass Metis, Base and zkSync Era networks on this metric.
It should be noted that Starknet ranks fourth in the ranking. The top three leaders in terms of TVL volume are Arbitrum One, OP Mainnet and Manta Pacific. Arbitrum network significantly surpasses other L2 protocols – its TVL is $12.84 billion.
The total amount of blocked funds in Layer 2 networks reached $28.58 billion. Over the past 7 days, this figure has grown by 12%, according to L2Beat.
Recall that in February 2024, the Starknet Foundation team announced airdrop among 1.3 million users. A few days after the announcement, the number of active users on Starknet plummeted amid criticism of the conditions of the distribution of rewards.
StarkWare Studios listened to the community and made changes to the STRK unlock schedule for early adopters. Starting April 15, 64 million STRKs will hit the market each month, and 127 million STRKs will hit the market starting March 15, 2025.
