$STRK Airdrop Event open today
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$STRK Airdrop Event open today

Posted on by Audrey

After a long wait, Starknet will finally distribute 700 million STRK tokens, accounting for 7% of the total supply, to 1.297 billion eligible cryptocurrency wallets.

The list of eligible recipients for the STRK airdrop includes:

  • Early Starknet users: Those who have used the Starknet layer-2 network at least 5 times within separate 3-month periods, with a total transaction volume exceeding $100 USD before November 15th, 2023, and own at least 0.005 ETH at the snapshot time.
  • Starknet Community Members: Members of the Starknet Early Community Member Program (ECMP).
  • Starknet and Ethereum developers: Contributors to the development of Starknet before November 15th, 2023.
  • StarkEx users: Users who have utilized applications on StarkEx at least 8 times before June 1st, 2022.
  • EIP proposers: Authors of EIP proposals published before November 15th, 2023.
  • ETH stakers: Individuals who have staked ETH before The Merge event on September 15th, 2022.
  • Ethereum Protocol Guild community members before November 15th, 2023.
  • GitHub developers: Those with at least 3 contributions to the top 5000 repositories worldwide by November 15th, 2023.

According to Starknet Foundation’s disclosure, there are over half a million eligible Starknet wallets and 600,000 StarkEx wallets, along with 137,000 open-source programmers and 19,000 ETH stakers.

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Starknet Airdrop Allocation

Starknet will open airdrop of 700 million $STRK for users. The Starknet Provisions Program Claiming starts Feb 20, 2024 12PM UTC, just before the listing on various exchanges including Binance.

2024 will be the Ethereum network’s biggest year in history

Chain development kits (CDKs) are expanding the universe of possibilities open to developers on the Ethereum network.

2024 holds the potential to be a landmark year for the Ethereum blockchain.

Alongside the anticipated approval of a spot Ether exchange-traded fund (ETF) in the United States, this year will witness the network’s inaugural bull cycle since the Merge in 2022.

Related: Ethereum ETF is coming soon

Following this update, ETH becomes deflationary during times of heightened network activity. Since the Merge, 0.2% of the Ether supply has already been burned, and this figure is expected to rise steadily in the months ahead as network usage increases.

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ETH supply since the Merge. Source: Ultra Sound Money

Moreover, the upcoming Ethereum network update, Ethereum Improvement Proposal 4844, is slated for implementation this year. Its objective is to significantly reduce the costs associated with layer-2 (L2) blockchains built on Ethereum, potentially making them up to 10 times cheaper.

This milestone is poised to mark a pivotal moment in this cycle, propelling Ethereum and layer 2s towards their most significant year to date.

The concept is straightforward: L2s are essential for Ethereum’s scalability. However, without subchains and dedicated development teams, L2s may not expand at the necessary pace to meet demand.

Chain Development Kits

Chain Development Kits (CDKs) are enabling the diversification of blockchain ecosystems like Polygon. Instead of relying solely on a single general-purpose blockchain, projects like Polygon are leveraging CDKs to create specialized subchains tailored to specific use cases. These CDKs serve as frameworks upon which developers can build custom blockchain solutions.

For instance, Polygon has introduced various subchains recently, each targeting distinct applications:

  • B2: A CDK chain focusing on constructing rollups for Bitcoin.
  • OEV Network: A CDK chain dedicated to capturing oracle extractable value (OEV).
  • Hypr: A CDK chain centered around gaming applications.
  • Libre: A CDK chain designed for the issuance of tokenized assets targeted at institutions.
  • FireDrops: A CDK chain developed for loyalty programs, notably for Flipkart, India’s largest e-commerce platform.

Similar initiatives are being pursued by other prominent Layer 2 (L2) blockchains. For example, Optimism refers to its equivalent framework as “Op-Stack.” These CDKs play a crucial role in expanding the functionality and utility of blockchain networks by offering tailored solutions for diverse use cases.

PIXEL Trading volume surged $1.2 Billion on the first day of listing

PIXEL has catapulted it into the ranks of the top 10 most traded tokens following yesterday’s airdrop. It has swiftly garnered attention in the market, showcasing an impressive trading volume surpassing $1.2 billion on its debut day.

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The trading volume of Pixels (PIXEL) surged to $1.2 billion on the first day of listing. [Image: Blockworks]
Over the past 24 hours, PIXEL has surged by approximately 15.7% and is presently maintaining a price level of $0.58. With a circulating supply of 771 million PIXEL, the project’s market capitalization is estimated to be around $450 million.

 

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