Starknet (STRK) newly listed on Coinbase, partnered with Polygon Labs

Listed on all major exchanges

The governance token “STRK'' of the zk rollup “Starknet'' of the crypto asset (virtual currency) Ethereum (ETH) was also listed on the US Coinbase. With this, we have been listed on all major exchanges including Binance, OKX, and Bybit.

Starknet (STRK) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKRrfh

— Coinbase Assets (@CoinbaseAssets) February 21, 2024

Coinbase trades in the STRK-USD currency pair.

Regarding STRK, the Starknet Foundation conducted an airdrop (free distribution) on the 20th and distributed tokens to users. According to the data, 490,000 addresses have already acquired a total of 420 million tokens.

The price of STRK soared to $5 immediately after listing on the 20th, but has since gradually fallen and is currently trading at $1.81, down 11.4% from the previous day.

connection:Starknet airdrop acquisition date confirmed, 40 million STRK granted to DeFi

Partnered with Polygon

StarkWare, the blockchain company behind Starknet, has teamed up with rival Polygon Labs, which is also developing zk rollups, to create a new type of zero called “Circle STARKs” designed to make transactions faster and cheaper. Constructing cryptographic proofs of knowledge.

Introducing Circle STARK

At Polygon Labs, we've been heavily focused on improving ZK performance with Plonky3. For the past three months, we've collaborated closely with the @StarkWareLtd team to develop an incredibly fast proving system that will be incorporated into… pic.twitter.com/Dj7pbH6qCT

— Polygon | Aggregated (@0xPolygon) February 21, 2024

Circle STARKs accelerates the rollup proof process and increases blockchain scalability and efficiency. Currently, Starknet's proof mechanism is “STARK'', but using “Circle STARKs'' will allow transactions to be finalized more quickly and scaled up.

The release date of Circle STARKs is not yet certain, but it is expected that once it is realized, the speed of proofs will be improved by a factor of 7 to 10.

In addition, Polygon just released the next generation “Polygon zkEVM” the other day. The new zkEVM can now create proofs on any chain that is compatible with the Ethereum (ETH) Virtual Machine (EVM).

connection: Polygon releases next-generation “Polygon zkEVM” to achieve parity with Ethereum

connection:What is the evolution of the virtual currency Ethereum, Mr. Buterin's ZK-EVM integration proposal and the future of Layer 2?

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