🔷 Crypto X-Ray #45: $STRK - $2.3K in daily fees, $4.8M unlock
Starknet is a zk-rollup on Ethereum; gas is paid only in STRK. Price ~$0.037, market cap ~$290M, FDV ~$387M, TVL ~$223M.
Look at two numbers. Network fees are about $2.3K per day, and on November 15, 127M STRK (~$4.8M) will unlock: 66.61M for early contributors and 60.39M for investors. By my calculation, that's almost six years' worth of daily fees.
Fees aren't burned; they go to the sequencer, while staking mints new tokens. An unlock doesn't mean a sale, but I'd keep the recipients' wallets under close watch.
I'm waiting to see how the market reacts to the tranche. I'm prepared for -30% (~$0.027). Not for those waiting for a burn.
Do you believe in STARK, or do you think issuance will overwhelm it? 👇
#CryptoRay #strk
Starknet is a zk-rollup on Ethereum; gas is paid only in STRK. Price ~$0.037, market cap ~$290M, FDV ~$387M, TVL ~$223M.
Look at two numbers. Network fees are about $2.3K per day, and on November 15, 127M STRK (~$4.8M) will unlock: 66.61M for early contributors and 60.39M for investors. By my calculation, that's almost six years' worth of daily fees.
Fees aren't burned; they go to the sequencer, while staking mints new tokens. An unlock doesn't mean a sale, but I'd keep the recipients' wallets under close watch.
I'm waiting to see how the market reacts to the tranche. I'm prepared for -30% (~$0.027). Not for those waiting for a burn.
Do you believe in STARK, or do you think issuance will overwhelm it? 👇
#CryptoRay #strk
