Starknet’s total value locked climbed back above $300 million for the first time since 2024, standing at $302.12 million. The rebound marks a notable recovery in capital deployed across Ethereum’s Layer-2 network after more than a year of decline. The move suggests renewed confidence among users deploying assets on Starknet, even as competition among Layer-2 networks remains intense.
Stablecoin market capitalization has climbed to about $248 million, its highest point ever observed. Data from Token Terminal show Starknet averages around 65,000 daily active users and ranks fifth among Layer-2 blockchains for daily activity, reflecting a sustained improvement from mid-2024. While that figure remains below the network’s 2023 highs, current data challenge outdated narratives and show activity is now orders of magnitude higher than those claims imply, with Starknet trailing only leaders such as Base and Arbitrum.
Despite reclaiming the $300 million TVL level, Starknet remains well below its historical highs and continues to face strong competition from newer Layer-2 platforms. Still, the combination of rising TVL, expanding stablecoin liquidity, and stabilizing user activity indicates Starknet has moved out of its 2024 trough and into a phase of measurable recovery, contingent on continued capital deployment and real on-chain usage.
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