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

July 21, 2022 01:58 AM AEST | By Rupam Roy

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.

Strike (STRK) crypto price and performance 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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