Research #02 · Starknet

Phoenix or Ashes

STRK rallied 231% on the L1 news and gave most of it back. We unpack what the network actually earns, why its biggest app just left for Circle’s Arc, the April layoffs, unlocks and whales, quantum safety and the L1 vote — and whether this is a phoenix or ashes.

Updated Oct 23, 2026 · 36 slides · prices as of Oct 23, 2026
Not financial advice. This is an independent community breakdown for education. Numbers come from public sources (starknet.io, StarkWare, CoinGecko, DefiLlama, Tokenomist, Nansen, L2BEAT, Arkham, Starknet governance (Snapshot, forum)) and our own estimates, marked on the slides. Crypto is volatile — do your own research.

Questions? Ask in the Discord

Join the research channel ↗

Support the creator 💛

These breakdowns are free. If this one helped you, you can send a tip — it keeps new research coming.

ETH / any EVM network
0xFf916a74d7E1540A4fD91D302568692c07cFf6A3