Strike (STRIKE): What It Is, Uses and Risks

Strike Finance describes itself as a project that brings options, forwards and perpetual futures trading onto the Cardano blockchain. STRIKE is the token issued on Cardano under that project's name. Its listing data places it in the Decentralized Finance, Derivatives, Options, Perpetuals and Cardano Ecosystem categories. The project's own description argues that centralized exchanges handle more than 98 percent of crypto derivatives trading, and that on-chain derivatives on Cardano were scarce before its platform arrived. Our site's entry for the issuing project, Strike Finance Perpetuals, describes an on-chain perpetual futures venue with up to 50x leverage and STRIKE staking. The token is not a native coin of any blockchain. Our data has no launch date and no consensus or hashing details for it, so this page does not describe a launch history.

Our data does not give a full list of what STRIKE does. The only use named publicly is staking, mentioned in our entry for Strike Finance Perpetuals. Several public reporting describes a token called STRK as the governance token of a Strike protocol, and one result describes a sports betting platform called STRIKE. These descriptions do not match the Cardano token in our data. STRK is a separate ticker tied to other projects, and the betting result is unrelated to this derivatives project. Because the sources conflict, this page does not claim that STRIKE gives voting rights, fee discounts or revenue shares. Readers who want to know what STRIKE does should read the issuing project's own documentation and check whether each stated use is live.

As of 2026-11-05, our data shows a price of about 0.39 US dollars, a market capitalization of about 6.9 million dollars and a fully diluted valuation of about 9.6 million dollars. The token ranked 1488th by market capitalization, and 24-hour trading volume was about 17,000 dollars. Circulating supply is 18 million tokens, while the total and maximum supply are both 25 million. The price fell about 13.6 percent over seven days and about 53 percent over one year. The all-time high was about 2.17 dollars on 2025-08-27, and the all-time low was about 0.064 dollars on 2024-10-25. These are snapshot figures that will change. Trading volume this small relative to market value means prices can move sharply on modest trades. This page does not predict future prices.

Cardano is the only chain listed for STRIKE in our data. The token is issued on Cardano and is not listed as the native token of any chain. Its category tags include Cardano Ecosystem, which reflects this link. Our data has no consensus or hashing details, because those fields do not apply to a token issued on an existing chain in the way a base layer coin does. Before interacting with any Cardano token, confirm the asset's identifier against the issuing project's published information, since copycat tokens with similar names can exist. The same caution applies to any dApp that asks you to connect a wallet or sign a transaction.

Leveraged perpetual futures magnify both gains and losses, and positions can be closed automatically if collateral falls below required levels. Smart contract bugs, oracle failures and thin liquidity are additional risks for on-chain derivatives platforms. STRIKE's price has fallen sharply over the past year, and its trading volume is very small compared with its market value. If you hold STRIKE, use a Cardano wallet you control, keep your recovery phrase offline and never share it. Check that the token you hold matches the issuing project's published identifier. Trading leveraged products is only for adults. Readers must be 18 or older, or 21 or older where required, and should confirm that online gambling or leveraged trading is legal where they live. This page is research, not advice to buy or sell.