With the exodus of Extended DEX from the network, StarkNet has seen its TVL crash in earnest—a 74% fall that has put total value locked at $159 million and relegated the project to the 42nd spot on the market capitalization table.
Extended DEX Departure and Its Immediate Impact
It was a defining moment for StarkNet when Extended DEX made its exit; according to the latest CryptoFateev Ripple XRP Trader, the DEX has taken its $117 million in TVL and moved operations over to ARK. The consequences have been stark: not only did StarkNet’s TVL and standing in the charts take a 74% hit, but stablecoin volume on the network tumbled from $140 million to $37 million. One can see the void left by Extended DEX in the protocol revenues and transaction volumes of the ecosystem, where it once generated about $30,000 a day in fees.
Trader’s Bearish Forecast for StarkNet
In the wake of such a precipitous TVL collapse, the host of CryptoFateev Ripple XRP Trader is taking a bearish view on StarkNet. Citing the decline in trading and the steady outflow of capital, he puts forward a forecast of the token price sinking to around 3.8 cents before any proper recovery. Should StarkNet fail to introduce new DEXs or decentralized applications, the trader warns things could get worse. For now, the writing is on the wall with the persistent withdrawals and waning volumes, so his advice is to hold off on any new StarkNet token acquisitions for at least six months.
AI Trading and Market Adaptation
Then again, as uncertainty in the StarkNet ecosystem deepens, there are those in the market who are making use of AI. The episode mentions Lockstone Capital, an application that allows traders to profit through automated crypto trading via artificial intelligence, all without having to be glued to the markets.
This article reflects the channel author’s opinion and is not investment advice.
Before diving into the volatile StarkNet market, consider honing your skills with risk-free trading practice to better navigate potential price drops. risk-free trading practice.
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