Starknet (STRK)
Technically superior ZK-STARK rollup but worst tokenomics in L2 sector; 98.9% down from ATH with years of releases remaining
Ranked 177th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
STRK scores 93 of 250 across the 25-variable framework, which places it 177th of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
The score rests on Exchange Depth 7/10, 12th of 251, Regulatory Safety 7/10, 17th of 251, P/S Multiple 6/10, 23rd of 251 and Competitive Moat 6/10, 29th of 251.
Against the same universe, STRK sits in the bottom third on Vesting Schedule 1/10, 244th of 251, Insider Selling 2/10, 242nd of 251, Circulating / FDV Ratio 2/10, 241st of 251 and Holder Concentration 2/10, 240th of 251. These are the variables that would have to move for the verdict to change.
Only 68.1% of STRK's maximum supply is in circulation, so 1.47x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 31.9% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
STRK trades 99.41% below its all-time high of $4.41. Recovering that level is a 169.5x move, not a 99.41% one, which is the arithmetic most drawdown charts hide.
The framework score gained 8 points against the previous pass (85 to 93). Revisions of this size follow a change in the underlying variables, not a change in price.
$70.0M sits in the protocol. Each dollar of value locked carries 2.54 dollars of token market cap.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 6 | 23rd of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 2 | 228th of 251 | |
| Vesting Schedule | 1 | 244th of 251 | |
| Circulating / FDV Ratio | 2 | 241st of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 4 | 93rd of 251 | |
| Insider Selling | 2 | 242nd of 251 | |
| Holder Concentration | 2 | 240th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 6 | 33rd of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 6 | 29th of 251 | |
| Institutional Adoption | 4 | 71st of 251 | |
| Exchange Depth | 7 | 12th of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 7 | 17th of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 6 | 33rd of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Starknet v0.13+ performance upgrades reducing fees; Cairo language adoption for AI and gaming use cases
Principal risk
Only 20% circulating; StarkWare holds massive allocation being released; TVL and activity near zero relative to potential
Market and supply
| Price | $0.0261 |
| Market cap | $177.9Mrank 172 |
| All-time high | $4.4120 Feb 2024 |
| Circulating supply | 6,812,247,869 |
| Eventual supply (max supply) | 10,000,000,000 |
| Dilution to full supply | 1.47x |
| Total value locked | $70.0M |
| Listed on | Binance, Bybit, OKX |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to STRK measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [CoinGecko] STRK down 98.9% from ATH of $3.98; StarkWare airdrop in Feb 2024 immediately met with insider selling allegations
- [Starknet Tokenomics] StarkWare and Starknet Foundation hold 80%+ of STRK supply with releases through 2027link dead, claim unverified
- [DefiLlama] Starknet TVL under $100M despite being EF-backed ZK rollup; developer activity in Cairo growing slowly
One source link above no longer resolves, so we stripped the hyperlink rather than leave something that looks like evidence until you click it. The claims stay visible because they are part of the research record, but treat them as unverified. Every link was rechecked 6 Aug 2026.
Common questions
- What is the Early Thunder score for Starknet (STRK)?
- STRK scores 93 out of 250 on the 25-variable framework, ranking 177th of 251 rated tokens (lower half). The framework verdict is PASS.
- What are STRK's strongest fundamentals?
- STRK ranks highest on Exchange Depth 7/10, 12th of 251, Regulatory Safety 7/10, 17th of 251, P/S Multiple 6/10, 23rd of 251 and Competitive Moat 6/10, 29th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the STRK thesis?
- STRK scores in the bottom third of the universe on Vesting Schedule 1/10, 244th of 251, Insider Selling 2/10, 242nd of 251, Circulating / FDV Ratio 2/10, 241st of 251 and Holder Concentration 2/10, 240th of 251. The single risk carried on the scorecard is: Only 20% circulating; StarkWare holds massive allocation being released; TVL and activity near zero relative to potential
- How much STRK supply is still to enter circulation?
- 68.1% of eventual STRK supply is circulating today, leaving 1.47x the current float still to arrive. At a flat price per token that is 31.9% of fully diluted value ahead of current holders.
- How far is STRK from its all-time high?
- STRK trades 99.41% below its all-time high of $4.41. Returning to that high requires a 169.5x move from the level used in this scoring pass.
- Which tokens have a similar profile to STRK?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to STRK are ZK (95), SCROLL (102), IO (108) and MOVE (67). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for STRK?
- Starknet v0.13+ performance upgrades reducing fees; Cairo language adoption for AI and gaming use cases
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.