Eligible Starknet token recipients claimed million of tokens as the Ethereum layer-2 opened its provisions portal to distribute its native token.
Ethereum layer-2 scaling protocol Starknet began distributing its native network token on Feb. 20, with millions of tokens claimed upon the launch of the provisions portal.
Real-time data tracking the claims reflected that eligible users had secured more than 45 million STRK tokens in the first 90 minutes of the allocation. The token also began trading across a number of major exchanges.
STRK traded at over $7 following its listing on Binance and surpassed $5 on KuCoin as the tokens entered the wider cryptocurrency ecosystem. Data from CoinMarketCap showed STRK trading between $3 and $4, with its market capitalization valued at over $2.1 billion.
