Starknet Active Addresses Fall 63% After STRK's 210% Four-Week Surge

Active addresses on Starknet fell 63% within two days of the STRK token's price peak, while the number of newly created wallets dropped 81% over the same window, according to on-chain data from the analytics firm Santiment.

The network recorded 2,823 active addresses and 1,166 new wallets on October 11, the day of the token's price peak, the data shows. The pullback in both activity metrics followed a four-week stretch in which STRK's price rose 210%.

Starknet is an Ethereum Layer-2 validity rollup developed by StarkWare, which uses STARK cryptographic proofs to process transaction execution and settle results on Ethereum. That places Starknet in the validity-proof branch of the Layer-2 sector, distinct from optimistic rollups, which instead rely on fraud-challenge windows to validate transactions and typically carry longer finality times on the base chain. STRK is the network's native token, used for paying transaction fees and taking part in governance. On-chain metrics such as active addresses and new wallet creation are widely used to gauge user participation: active addresses count distinct addresses transacting during a given period, while new wallets track how many accounts are created for the first time.

Santiment, a provider of on-chain and behavioral analytics for crypto assets, publishes both metrics as standard indicators of network activity. These figures measure network usage rather than price direction. Post-peak pullbacks in usage metrics are a pattern market watchers commonly monitor when assessing how a network's user base evolves after a rally, so follow-up Santiment readings showing whether address activity stabilizes or extends lower are likely to draw attention in the days ahead.

This content was first published on COINOTAG: https://en.coinotag.com/starknet-active-addresses-fall-63-percent-post-rally