Starknet (STRK), the native token of the Ethereum Layer-2 scaling solution, has posted significant gains in the past 24 hours, surging 24.1% to reach $0.050019 as of 6:37 AM UTC on April 23, 2026.
The sharp price movement comes amid robust trading activity, with 24-hour volume reaching $153.05 million—representing substantial market interest in the Layer-2 protocol token.
Price Action and Market Performance
STRK reached an intraday high of $0.04998498 after trading as low as $0.03973626 in the previous 24-hour period, marking a significant recovery from its all-time low of $0.032118 recorded on April 15, 2026—just eight days ago.
The token’s market capitalization has expanded by $54.96 million (23.3%) to $291.29 million, positioning Starknet at rank #142 among cryptocurrencies by market cap. With a circulating supply of 5.86 billion STRK out of a maximum supply of 10 billion tokens, the fully diluted valuation currently stands at $497.46 million.
Extended Rally Across Multiple Timeframes
The 24-hour surge represents the continuation of a broader upward trend for Starknet:
- 7-day performance: +41.14%
- 30-day performance: +37.12%
- 1-hour performance: +3.32%
This multi-timeframe strength suggests sustained buying pressure rather than a isolated spike, with the token showing consistent gains across hourly, daily, weekly, and monthly periods.
Recovery from All-Time Low
The current price of $0.050019 represents a 54.2% recovery from the all-time low set just over a week ago. However, STRK remains 98.9% below its all-time high of $4.41, which was reached on February 20, 2024, during the token’s initial launch period.
Market Context
Starknet is a zero-knowledge rollup Layer-2 scaling solution for Ethereum, designed to improve transaction throughput and reduce costs while maintaining security. The recent price action may reflect growing interest in Layer-2 solutions as Ethereum network activity continues to expand.
The $153 million in 24-hour trading volume indicates strong market participation, though traders should note the significant gap between current prices and the token’s historical high. The recent recovery from the April 15 low suggests potential accumulation at lower price levels.
Market participants will be watching to see if STRK can maintain momentum above the $0.050 level or if profit-taking emerges following the sharp 24-hour rally.
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About the Author: Ananya Melhotra
