Starknet (STRK) fell 57% over 4 weeks... Extended migrates payment network to Arc
Original headline스타크넷(STRK) 4주간 57% 하락…익스텐디드는 아크로 결제망 이전
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Starknet's STRK token has fallen 57% over the past four weeks, according to a report by The Defiant, as the derivatives protocol Extended migrated its transaction verification and settlement network from Starknet to Arc. Extended's API documentation now states that trades are verified and settled on Arc, while user funds remain self-custodied in on-chain smart contracts. The shift means the chain recording and settling Extended's transactions has changed, though the article cautions that the price drop and network migration alone do not establish the cause of the decline. The move removes a live application from Starknet's settlement flow, a development worth watching as the network seeks to retain activity and users.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Starknet (STRK), STRK (STRK), Extended, Arc, The Defiant
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