Starknet Price

Coin Prices

DeFi Lending Platform zkLend Drained of $9.5 Million in Exploit

zkLend, a decentralized money lending platform on the Starknet blockchain, has fallen victim to a major exploit, with the hacker draining $9.5 million in crypto assets. Blockchain security firm Cyvers confirmed that the stolen funds were initially bridged to Ethereum and funneled through the privacy protocol Railgun. The funds were then redirected to the original address due to the protocol’s internal policies, Cyverse said on Monday. Following the incident, zkLend paused all withdrawals and adv...

by Vismaya V · 3 min read

Feb 22, 2024

Coins

Starknet Price Jumps After Ethereum Scaler Bows to Pressure Over Token Unlock Schedule

StarkWare, the startup behind the Ethereum scaling network Starknet, announced Thursday that it will revise its STRK token allocation schedule for contributors and investors following backlash from the crypto community. The company will spread out its allocations over the course of years rather than conducting a sizable planned STRK unlock this April. The price of STRK jumped following the announcement, according to CoinGecko, rising from $1.86 to $2.03 in a matter of minutes before settling to...

by Andrew Hayward · 3 min read

Aug 31, 2023

Business

Argent, Starknet Foundation Tag 'Several Millions' for New Startup Studio

To kick start more buidling on the layer-2 network Starknet, the eponymously named Foundation and Web3 wallet provider Argent are teaming up to launch a new startup incubator. Called Hito Studios, the platform will provide all the bells and whistles a new startup needs, including legal support and hiring. Starknet-based teams like Unframed, an NFT marketplace, and Ekubo, a Uniswap-esque decentralized exchange native to Starknet, have already joined to assist the launch. "We have achieved signifi...

by Liam J. Kelly · 2 min read

Jul 21, 2023

Technology

‘Smart Wallet’ Provider Argent Launches NFT Marketplace Unframed on Starknet

Web3 wallet provider Argent has launched Unframed, a new NFT marketplace built on the speedy layer-2 solution Starknet. The partnership between Starknet–which is designed to address high transaction fees and slow processing times on Ethereum–and Argent is aimed at bridging the digital collectibles space and blockchain gaming. According to Julien Niset, co-founder of Argent, a crypto wallet hellbent on simplifying the user experience, “gaming is one of the important verticals” that hasn’t kicked...

by Pedro Solimano · 2 min read

Jun 9, 2023

Technology

'Ethereum Fails' Without These 3 Changes, Says Vitalik Buterin

If Ethereum is to expand how it's used, it will need to undergo three major transitions or risk undermining its own future, said Ethereum co-founder Vitalik Buterin. In a blog post published on Friday, Buterin laid out his ideas for what it will take to help Ethereum mature if it is to expand in use. Calling them “The Three Transitions,” Buterin said they would need to evolve around transitions in layer-2, or “L2,” scaling solutions, a move to smart contract wallets, and greater privacy for fund...

by Nicholas Morgan · 3 min read

May 19, 2023

DeFi

DeFi Projects Built on Ethereum Scaling Solution Starknet Hit $10M

Starknet, an open-source framework that aims to bring scalability and privacy to decentralized applications (dApps) built on Ethereum, has seen dramatic growth in various DeFi apps on the network over the past few months, with its total value locked (TVL) recently hitting a new all-time high As of today, Starknet TVL stands at $10.49 million, a whopping ten-fold increase from $1.449 million at the beginning of March, according to DefiLlama. TVL is a metric commonly used in decentralized finance...

by Andrew Asmakov · 3 min read