The STRK token of the Starknet network is now natively available in the Solana ecosystem. Cross-chain access is implemented through the NEAR Intents infrastructure. This was announced on January 15.
The integration allows users to receive STRK directly in their Solana wallet, using a wide range of supported tokens and networks. Users no longer need to go through the standard bridge process, which significantly simplifies access to the asset.
STRK is now part of the Solana ecosystem with a total TVL of about $11 billion. Instead of a classic bridge, an execution model is used where the user sets the outcome and the technical part is performed automatically. This approach aims to simplify interaction and reduce friction when working with DeFi products on the Solana network.
The release emphasizes that the integration is not an experiment for experiment’s sake, but for practical use of the token in DeFi. The priority is speed, convenience, and real user participation in cross-chain ecosystems.
STRK will become available for spot trading on the decentralized exchange Jupiter. The main platform for the token’s liquidity in the Solana network will be Meteora.
The integration launch took place the day after the official Solana account on X published a sharp post about Starknet. The post criticized the network’s reported activity metrics and its valuation. It claimed that Starknet had ‘8 daily active users’ and ’10 transactions per day,’ then referenced market capitalization and fully diluted valuation, ending with the phrase ‘send this straight to zero.’
Against this backdrop, Starknet continues to increase its total value locked. Since December, the network’s TVL has grown by more than $100 million and at the time of publication exceeds $313 million. However, this figure is still slightly below the March 2024 peak, when TVL approached $331 million.
Starknet TVL dynamics since 2023. Source: DefiLlama.
At the time of publication, the STRK token is trading around $0.086, down about 6% over the past 24 hours, according to CoinGecko. The token’s market capitalization is about $435 million. The native Solana token is trading at $143, having lost about 3% in the past day.
