Sunday, October 11 · Indianapolis

Dashboard

Markets

Starknet value secured rises 47% in a week

L2Beat put Starknet at $760 million at noon UTC on Oct. 11, up from $517 million on Oct. 4. The gain is in the canonical bucket.

Starknet value secured rises 47% in a week

L2Beat's Starknet total was $760 million at noon UTC on October 11, 2026, which is 8:00 a.m. Eastern. Seven days earlier, at the same hour, the same chart read $517 million. The change is 47.0 percent. Value secured is the dollar value of the assets L2Beat counts for the project: canonically bridged, natively minted, and externally bridged. It is not a user count, and it is not trading volume.

A rounder pair, 53.9 percent and $782 million, is not this print. The noon snapshot is $759.8 million and 47.0 percent. Same board, same week, different moment. This story uses the noon numbers, because those are the ones on the chart.

Almost all of the dollars arrived in one bucket. Native value rose $1.7 million. Externally bridged value rose $1.4 million. Canonically bridged value rose $240 million, from $290 million to $530 million. The week's gain is about $243 million. The canonical bucket is $240 million of it.

L2Beat counts STRK, the token associated with Starknet, inside the total. That associated line is $452 million, which is 59 percent of the $760 million. The token table timestamped 11:00 a.m. UTC the same morning priced STRK at $0.11, up 102 percent over seven days, and put the token's secured value at $438 million, up 103 percent. A token that doubles will lift its line even if the number of tokens did not. L2Beat already warns when the associated token is most of the figure. On the project page that warning was on, at 58.5 percent of an earlier $740 million total.

The assets that are not the token did not have this week. On the noon breakdown, ETH and its derivatives are $46.5 million. Stablecoins are $155 million. On the 11:00 token table the ETH line was up 5.6 percent in value while the ETH price was up 7.5 percent, a price move more than a flood of new coins. Growthepie, updated at 5:35 a.m. UTC, put stablecoin supply on the chain at $153 million, up 0.9 percent on the week. Usage did move. The same page put the latest day at 224,100 transactions, up 69 percent week over week, and 5,800 daily active addresses, up 85 percent. That is activity. It is not the $240 million.

The large chains on the same summary did not follow Starknet. Base was $15.82 billion, down 2.7 percent. Arbitrum One was $11.17 billion, down 1.8 percent. OP Mainnet was $2.04 billion, up 2.4 percent. Mantle was down 7.0 percent. Robinhood Chain was down 8.4 percent. Starknet is not the only double-digit percentage on the board. X Layer was up 81.5 percent, to $242 million. zkSync Era was up 8.0 percent, to $301 million. What the chains already above $1 billion did not print is a gain near 50 percent.

Starknet is a ZK rollup, listed at Stage 1, with Ethereum as the host chain. L2Beat describes it as using STARK proofs to scale Ethereum, with data posted on Ethereum. A stage and a proof system say how the chain settles. They do not turn a token price into deposits. A layer 2, in the plain sense, is the cheaper chain that settles back to the host. The term is here: https://cryptokeymedia.com/news/what-is-a-layer-2

What comes next is the next noon point on the same chart. If STRK gives back the week's price, the value-secured line gives it back too, because $452 million of the total is that token. If the canonical bucket holds near $530 million while STRK is flat, then the gain was assets arriving, not a price. Until that point prints, the split to keep is the one already measured: $240 million of a $243 million week landed in the canonical bucket, and 59 percent of the $760 million is STRK.

Morning note

Before the cash open.

The tape, before the cash open. One email. The note itself has the way off the list.