PASS

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.

Score
93/250
177th of 251
Percentile
29.9%
of the rated universe
Circulating
68.1%
31.9% of value still to vest
Off all-time high
-99.41%
169.5x to recover
StarknetERC-20+8 since last pass
01

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.

02

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

Cash flow variables for STRK, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
2166th of 251
Revenue Trend
3117th of 251
P/S Multiple
623rd of 251
Real Staking Yield
3143rd of 251

Supply

Supply variables for STRK, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
2228th of 251
Vesting Schedule
1244th of 251
Circulating / FDV Ratio
2241st of 251
Buyback and Burn
1205th of 251

Ownership

Ownership variables for STRK, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
493rd of 251
Insider Selling
2242nd of 251
Holder Concentration
2240th of 251

Traction

Traction variables for STRK, scored 1 to 10 and ranked against 251 tokens
TVL Trend
3111th of 251
Active Users
3149th of 251
Developer Activity
633rd of 251
Network Growth
4100th of 251

Position

Position variables for STRK, scored 1 to 10 and ranked against 251 tokens
Market Share
3131st of 251
Competitive Moat
629th of 251
Institutional Adoption
471st of 251
Exchange Depth
712th of 251
Social Mindshare
486th of 251

Risk

Risk variables for STRK, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
717th of 251
Catalyst Calendar
490th of 251
BTC Alpha Potential
3114th of 251
Team Execution
574th of 251
Treasury Runway
633rd 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.

03

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

04

Market and supply

Price$0.0261
Market cap$177.9Mrank 172
All-time high$4.4120 Feb 2024
Circulating supply6,812,247,869
Eventual supply (max supply)10,000,000,000
Dilution to full supply1.47x
Total value locked$70.0M
Listed onBinance, 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.

05

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.

06

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.

07

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.