Yesterday, Starknet (STRK), the layer-2 scaling solution for Ethereum, was listed on Binance and immediately hit a $2.4 billion market cap.
As one of the most talked-about Ethereum scaling solutions, Starknet’s listing signals the growing adoption of layer-2 technologies.
With meme coins also driving interest in the market, could Meme Kombat (MK) be next to attain a Binance listing after hitting its $10m presale target?
Starknet Trading Volumes Explode Past $1.6bn After Binance Debut
Starknet’s listing on Binance featured multiple spot trading pairs, including against USDT, BTC, FDUSD, and TRY.
Deposits opened at 12:00 UTC, with withdrawals and trading beginning at 13:00 UTC.
Almost immediately, trading volumes for STRK rocketed and have hit $1.6 billion since the token went live.
Starknet’s developers used various methods for token distribution, including airdrops and eligibility programs.
The Starknet Foundation distributed over 700 million STRK tokens out of 900 million set aside, with recipients including those who helped secure Ethereum and contribute to Starknet’s open-source ecosystem.
Additional community rebates and initiatives are planned going forward.
However, due to regulation, distributions of STRK were not available to those based in the US.
With solid tokenomics and strong community backing, Starknet seems poised for further growth.
STRK’s price has dipped 47% since yesterday’s peak, yet given that the token is still less than 24 hours old, volatility is to be expected as the market finds its footing.
The Features Behind Starknet’s Goal of Becoming the Go-To Ethereum Scaling Solution
Starknet operates as a validity rollup, processing Ethereum transactions off-chain before submitting cryptographic proofs to the mainnet.
This reduces congestion on Ethereum, enabling faster and cheaper transactions.
Starknet uses “STARK proofs” to aid with this setup, which provide solid long-term security compared to other protocols.
Additionally, Starknet introduces Cairo, a purpose-built programming language for writing STARK-proving computations more easily.
Unlike some layer-2 scaling solutions, Starknet remains fully permissionless and decentralized.
This gives developers flexibility similar to building directly on the Ethereum mainnet while still benefiting from Starknet’s massive scaling capabilities.
With an ability to handle 500 transactions per second (TPS) currently and the goal of reaching millions per second, Starknet aims to provide the scale needed to support mainstream use of dApps and digital services.
If Starknet can leverage the ongoing hype around its Binance launch, there’s a belief among some crypto community members that it could be the go-to scaling solution for Ethereum.
Meme Kombat Hits $10m Funding Target, But Will MK List on Binance Next?
With Starknet listed on Binance, attention now turns to other emerging projects that could follow a similar trajectory.
One potential candidate is Meme Kombat, which has taken the crypto world by storm with its unique combination of memes, staking, and gambling.
Having reached its $10 million presale funding goal, the native MK token seems primed for a major exchange listing soon.
Unlike many meme coins, Meme Kombat distinguishes itself through innovative features like AI-powered battles between popular meme characters and generous staking rewards up to 99% APY.
This combination of game elements and passive income is designed to create a thriving community and deliver long-term success.
Additionally, Meme Kombat has already attained endorsements from leading crypto YouTubers and analysts, suggesting strong faith in its potential.
For example, YouTuber Michael Wrubel told his 310,000 subscribers that it could be the “next 100x gaming meme crypto.”
With Meme Kombat’s presale funding target achieved, interested investors have one final chance to buy MK tokens for $0.279 before the exchange listings occur.
There’s now a countdown timer on the official Meme Kombat website, showing the number of days remaining before MK trading goes live.
No specific exchanges have yet been announced for the initial listing.
However, early investors in the Meme Kombat Telegram channel have begun to speculate that Binance, or another Tier-1 platform, could be lined up to support the first official MK trading pair.
With just 13 days to go before MK goes live, all eyes are on this trending token to see how it performs on the open market.
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