STRK Falls 57% in Four Weeks as Starknet Rally Unwinds

Cointime reports: Starknet’s STRK token has dropped 57% over four weeks as its DeFi total value locked fell to $35.8 million following Extended’s move to shift settlement to Arc. The proposed Layer 1 transition for Starknet remains at the research stage, offering no near-term catalyst as the rally unwinds.