- On February 25, Starknet’s TVL reached $1.31 billion.
- The project managed to bypass Base from Coinbase in this indicator.
- Starknet is ranked fourth among other networks.
The Starknet project, which is a decentralized ZK storage and operates as Layer 2 on Ethereum, entered the top 5 networks in terms of the number of funds locked 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 the Metis, Base and zkSync Era networks in this indicator.
Note that Starknet ranks fourth in the ranking. The top three in terms of TVL volume include Arbitrum One, OP Mainnet and Manta Pacific. The Arbitrum network is significantly superior to other L2 protocols, with a TVL of $12.84 billion.
Ivan BabiukThe total number of blocked funds in second-level networks reached $28.58 billion. Over the past 7 days, this figure has increased by 12%, according to L2Beat.
Let us remind you that in February 2024, the Starknet Foundation team announced an airdrop among 1.3 million users. A few days after the announcement, the number of active users on the Starknet network fell sharply amid criticism of the terms of reward distribution.
StarkWare listened to the community and made changes to the STRK unlock schedule for early participants. From April 15, 64 million STRK will enter the market monthly, and from March 15, 2025 – 127 million STRK.