What is Strike (STRK) crypto? know price and performance

Image Source: © Alexanderushkevich | Megapixl.com

Highlights:

  • The Strike crypto is a decentralized finance lending protocol allowing users to earn interest on their cryptos.
  • The Strike token is available for trading on several exchanges like OKX, KuCoin, etc.
  • It returned gains of over 14% over the past seven days.

The Strike (STRK) crypto seems to be gaining attention from the investors on July 20, as suggested by the surge in its price. Its price was up more than 2% in the last 24 hours, while its one-day volume jumped over 27% on Wednesday morning.

Now, let's understand the Strike (STRK) crypto first before exploring its recent price and performance.

What is Strike (STRK) crypto?

Strike describes itself as a decentralized finance lending protocol. It focuses on allowing users to earn interest on their cryptos by depositing them into any of the different markets the platform supports.

The users receive sTokens while depositing cryptos to a Strike market. These sTokens represent the stake of the individual users in the pool. It can also be used to redeem the underlying cryptos that are initially deposited into the pool at any time.

For instance, the users would get an sETH token when depositing ETH into a pool. The exchange rate of these sTokens to the underlying assets increases with time, allowing the users to redeem more of the underlying asset that they have initially deposited, which is how the interest is distributed, it said.

On the other hand, the borrowers can receive a secured loan from any Strike pools through depositing collateral. The maximum loan-to-value or LTV ratio depends on the collateral asset. However, the current range is between 50% and 80%.

The Strike token is available for trading on several exchanges like OKX, KuCoin, Upbit, etc.

Data Source: CoinMarketCap.com

Bottom line:

The STRK token was priced at US$20.20 at 11:18 am ET on July 20, up 2.31%, while its volume for the last 24 hours rose 24.11% to US$13.56 million. It has a market cap of US$65.88 million, and its fully-diluted market cap is over US$132.07 million.

It has a maximum and total supply of about 6.54 million, and its current circulating supply is around 3.26 million. It returned gains of 14.33% over the past seven days while increasing 4.56% in the last 30 days.

The UNI crypto saw the highest price of US$24.14 and the lowest price of US$16.75 in the last 30 days.

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