With STRK initially trading at a fully diluted valuation of $30 billion, the value of the airdropped tokens on launch day surpassed Arbitrum’s $1.5 billion.
Ethereum Layer 2 network Starknet launched its long-awaited token yesterday with an airdrop of 700 million STRK for developers and early users.
STRK debuted above $3, valuing the project above $30 billion on a fully diluted basis and putting the value of the airdrop at $2.1 billion – the largest in crypto history.
![STRK Price chart](https://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F50aed17abdc274c9470a88c976fe2dc0f6e14f3a-822x424.jpg&w=828&q=100)
The record was previously held by Arbitrum, the leading Layer 2 with $12.4 billion in total value locked (TVL). ARB launched at a fully diluted valuation (FDV) of $13 billion, valuing its airdrop at $1.5 billion.
Nearly half a million users have claimed 424M STRK tokens so far, according to a Token Flow dashboard.
![STRK Claims](https://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F0837cff0da70926774c84de2ec3bcc10dd57e7fb-1280x593.jpg&w=828&q=100)
STRK is trading around $1.80 at the time of writing, implying a FDV of $18 billion. That’s almost on par with Arbitrum and oracle provider Chainlink, and higher than Optimism, the second largest Layer 2.
![Starknet's FDV is higher than Celestia, Sui, Avalanche and Optimism](https://thedefiant.io/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F3e133c2f7a4db448d25d62baa2d766ae9b7d4890-1028x370.jpg&w=828&q=100)
In terms of non-native assets deposited, Starknet ranks sixth among Layer 2s with $208 million, according to data from L2beat.
Source: https://thedefiant.io/starknet-s-usd2-billion-airdrop-is-crypto-s-biggest-yet