The highly anticipated Ethereum layer-2 solution Starknet recently completed an airdrop, boosting its fully diluted market cap to over $20 billion, indicating substantial demand despite controversies.

On February 20, Starknet distributed approximately 700 million STRK tokens out of its total 10 billion supply, with allocations to various contributors including Ethereum stakers, developers, and users.

Within the first 90 minutes, 45 million STRK tokens were claimed, totaling over 220 million tokens claimed thus far.

Recipients have until June 20, 2024, to claim their allocated STRK tokens.

Despite a decline in STRK token value to $2 from an initial high of $7 on Binance, Starknet's robust valuation of $57 million total value locked (TVL) underscores its significant presence in the crypto ecosystem.