Starknet is a permissionless Layer-2 (L2) scaling network for Ethereum, built on zero-knowledge (ZK) rollup technology. As a Validity-Rollup, it enables decentralized applications (dApps) to achieve unlimited scalability while maintaining Ethereum’s security and composability. Powered by the STARK proof system, Starknet offers a secure and scalable infrastructure. Its contracts and operating system are written in Cairo, supporting diverse and scalable business use cases.
Stark, which has fallen by 4.68% in the last 24 hours and at the time of writing, is among the day's losing assets.
The outage on September 2, 2025, which halted block production for more than 2 hours, may have contributed to the decline in STARK’s price. As users were unable to process transactions and decentralized applications became non-functional, investor confidence might have been negatively affected. This incident could have added to the downward pressure, as it reignited concerns around infrastructure reliability in L2 scaling solutions.
